[MainstreetTowns] FW: Medford, OK - Building Restoration

[Buffy Hughes]

Good morning.  Below is a question from a gentleman in Medford regarding a downtown building he and his wife purchased.  Duane would be very appreciative if anyone can provide any information or assistance.  Thank you.

Have a good day,
Buffy

Buffy Hughes
State Main Street Director
Oklahoma Department of Commerce
900 N. Stiles Ave., Oklahoma City, OK 73104
E: Buffy.Hughes at okcommerce.gov
P: 405.815.5249
C: 405.664.1260
OKcommerce.gov/main-street




[MSALOGO_17COPROGRAM_CMYK]



From: Duane Thompson-Jones [mailto:Duane821 at live.com]
Sent: Friday, January 12, 2018 1:17 PM
To: Buffy Hughes <Buffy.Hughes at okcommerce.gov>
Subject: Medford, OK - Building Restoration


Hello,



I recently bought a 2-story brick building (built in 1911) in downtown Medford, Oklahoma, that has been sitting vacant for many years. The building is surprisingly still in good shape (I've had an inspection done - the foundation is in great shape) but needs a lot of work before it can be used again. My wife and I are wanting to restore the building and live upstairs and start our family there, however, finding a bank that issues a loan for a non-livable, commercially-zoned building is difficult (I'm currently working with the city on how I can get the building rezoned as residential).



I was wondering if anyone knows of a bank or a program that issues loans towards the rehabilitation of historic properties?



Attached are two pictures of the building.



Any leads or information would be greatly appreciated!



Duane Thompson-Jones



[cid:a92ef86d-ea54-486a-81e2-d75da02d97fe]

[cid:777994a5-ebfc-4528-b0bf-0e1c775ff09f]
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.onenet.net/pipermail/mainstreettowns/attachments/20180116/ee6ef9a1/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: Building 1.jpg
Type: image/jpeg
Size: 230842 bytes
Desc: Building 1.jpg
URL: <http://lists.onenet.net/pipermail/mainstreettowns/attachments/20180116/ee6ef9a1/attachment-0003.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: Building 2.jpg
Type: image/jpeg
Size: 281901 bytes
Desc: Building 2.jpg
URL: <http://lists.onenet.net/pipermail/mainstreettowns/attachments/20180116/ee6ef9a1/attachment-0004.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 5831 bytes
Desc: image002.jpg
URL: <http://lists.onenet.net/pipermail/mainstreettowns/attachments/20180116/ee6ef9a1/attachment-0005.jpg>