Commercial Real Estate Acquisition Loan Services

RFP Posted: March 12th, 2026

Pre-Proposal Meeting: March 24th, 2026, at 11am, Philadelphia Time

Applicant Questions Due: March 30th, 2026, at 5pm Philadelphia time

Answers Posted on eContract Philly: April 3rd, 2026, 5pm Philadelphia time

Proposals Due: April 13th, 2026, 5pm Philadelphia time

Applicant Selection: April 27th, 2026

Contract Execution: June 1st, 2026

Commencement of Work: June 1st, 2026

The City of Philadelphia is seeking a vendor to provide commercial real estate acquisition loan services aimed at supporting low-to-moderate income entrepreneurs in purchasing commercial property within targeted areas. The selected vendor will be responsible for managing and administering a loan fund, including delivering a detailed budget breakdown, justifying operating costs, and clarifying whether matching funds or leveraged capital are secured. All administration must strictly comply with applicable federal, state, and local regulations.

Vendors are expected to outline efficient procedures for loan intake, underwriting, approval, closing, servicing, and disbursement. Special emphasis will be placed on broadening access and opportunity for eligible small businesses through comprehensive outreach and marketing strategies. Initiatives should include partnerships with business associations, use of digital platforms, and community engagement to raise awareness about financing options.

Additionally, the proposal should present innovative, market-driven solutions that responsibly expand lending opportunities, promote private investment, and foster sustainable business ownership while maintaining rigorous underwriting standards. The selected lender will service commercial mortgage loans, manage closing cost assistance as needed, and ensure all processes are transparent and compliant with lending regulations. The contract term will be one year.