Show TRADE LOAN CASH AVAILABLE Plenty of ot money is available to tomake tomake tomake make loans on business properties s in Utah by the R B F C Mortgage comp company com corn p party pany ny owned and operated b by the theR R Reconstruction Finance corporation according to word to-word word received Saturday from Crom rom Washington D. D C. C by Elias Elas A. A A Smith manager r of the Salt Sal Lake Ci City agency Business properties will vill wi include hotel hotels and apartment houses of more than four apartments which heretofore hereto hereto fore have been excluded from borrowing borrowing borrowing bor bor- rowing federal funds despite the number of requests for money Loans according to information given Mr Smith also ako will vill wi be made on first mortgages as collateral s se security se- se cur Applications however will vilI willbe wi be bc b considered only where the income of the property is sufficient to m meet et taxes op operating expenses insurance upkeep interest the loan and on reasonable rea rca amortization of principal principal Generally speaking Mr Smith said loans w will not be be made for longer than 10 years but the amor- amor may be b such as 2 to retire one one- half the loan within that time the I balance maturing at the end of 10 years Pending further information says sas word from Washington to Mr Smith you are authorized to consider consider con can sider applications for such 10 loans ls Mr Smith said aid the purpose of the theR theR R F C Mortgage company compan is in some measure to assist distressed sed property owners with wih maturing mortgages or mortgage certificates that need to borrow sorrow upon their investments investment and finance new construction on a sound basis It I docs does not a attempt tempt to t compete com com- pete with wih life le insurance companies banks bank or other lenders on real estate where loans are available from themon them themon on rea reasonable terms he said aid |