The Building Loan Fund (BLF) was created at the 1957 National Convention to provide monies to Triangle chapters and colonies for the purpose of financing house purchase, construction, remodeling, furnishings and equipment. The trustees also provide guidance and assistance to chapters and colonies with regard to insurance, safety matters, and future housing needs. Since 1978, over $3,500,000 has been loaned to more than 25 chapters and colonies.

Money available from BLF is to be supplemental to funds otherwise available to chapters (cash on hand, investments, fund drive receipts, etc.). Typically a BLF loan is not to exceed 33% of the total cost of building, purchasing, or remodeling. BLF will guarantee the payments on a first mortgage loan from a commercial lending agency if requested to do so. This may help obtain a lower interest rate or assist in getting a loan accepted. Loan applications and other documents may be downloaded below.

BLF obtains funds for lending from several sources: debenture sales, short-term loans from chapters, savings account interest, monthly repayments on loans to chapters, and investments in stocks and bonds. For many years, BLF also received funds from earnings of the Triangle Permanent Fund (which has since been dissolved and its assets turned over to the Education Foundation).

The Building Loan Fund is administered by five trustees, typically Triangle brothers with extensive experience in fraternity and house-holding corporation management. The current trustees are:
 

For more information, contact James Marshall pur65, Secretary/Treasurer of the Building Loan Fund.

Loan Application Forms

You must download the Acrobat Reader in order to view or print these documents.

• Application for Loan
• BLF Rules and Regulations
• Automatic Payment Plan - Information and Rules
• Authorization for Automatic Payment