the Revolving Loan Fund
A revolving loan fund (RLF) is a collection of individual loans pooled into one account. It offers an opportunity for generating finances when conventional lenders won’t offer financing, which is often the case with housing developments that don’t fit into the norm.
Revolving loan funds were used to purchase the Los Angeles Ecovillage and the Walnut Street Co-op in Eugene, Oregon. Individuals with money to invest who want to see projects like these succeed thus have an opportunity to support a good cause, and to make profit from interest they accrue. Loans start at $1,000, are amortized like a conventional loan, and are re-paid within five years. At the end of five years, the lender can receive a balloon payment or keep their money in the revolving loan fund and continue to collect interest. Rates go as high as 6%.
DOWNLOAD NOW - Printed (with permission) is an adaptation of the Walnut Street Co-op description of their revolving loan fund. The author of the document, Tree Bresson, was generous in distributing this document so that projects like the Laytonville Ecovillage don’t have to re-invent the wheel. (See walnutstreetco-op.org)
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