Loan Product Feature Summary

Construction/Perm Loan Product Overview

  • Predevelopment

    Loan TypePredevelopment
    Loan Amounts $250K - $500K*
    Term Up to 36 months
    LTV N/A
    Repayment Monthly Interest Only; Close of Subsequent Loan Funding
    Collateral Unsecured
    Legal Determined by Complexity of Transaction. Paid by Borrower

    To cover feasibility studies, eliminate title impediments, pay for 3rd party studies, etc.

    CHC’s underwriting expertise uses a collaborative approach and provides the flexibility necessary to efficiently close early stage transactions, even when subsidies and financing may not have been fully identified and committed. 

    Call us to learn more at (404) 373-5662.

     * Higher loan amounts considered on a case-by-case basis

  • Acquisition

    Loan TypeAcquisition
    Loan Amounts $250K - $8MM*
    Term Up to 42 months
    LTV Up to 95% for Performing Multifamily Properties
    Repayment Monthly Interest Only
    Collateral 1st Lien Security Interest
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC originates predevelopment (unsecured) and early-stage acquisition loans for NeighborWorks® Network developers. With access to reliable, early-stage financing from CHC, our borrowers are able to directly compete with market-rate developers by moving quickly and confidently to acquire vacant land and under-performing and/or operating properties. Our loans have helped developers acquire and preserve some of the only remaining affordable housing units in rapidly gentrifying areas, with many designed to allow residents with special needs to remain in their neighborhood.

    CHC’s underwriting expertise uses a collaborative approach and provides the flexibility necessary to efficiently close early stage transactions, even when subsidies and financing may not have been fully identified and committed. We finance the purchase of vacant land and buildings as well as the purchase of blighted properties that are subsequently demolished or repurposed.

    Call us to learn more at (404) 373-5662.

     * Higher loan amounts considered on a case-by-case basis

  • Construction

    Loan TypeConstruction
    Loan Amounts $250K - $8MM*
    Term Up to 42 months
    LTV Up to 95% with Subsidy in Place; Up to 90% for Single Family
    Repayment Monthly Interest Only
    Collateral 1st Lien Security Interest
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC specializes in single family (scattered site and subdivisions) and multifamily construction lending with an expertise that allows for a faster, more efficient process. For example, CHC’s in-house construction administration enables us to offer flexible draw schedules (even weekly or as draws need to be adjusted) throughout the development cycle. This flexibility allows our borrowers to hire smaller, local construction companies that would normally struggle waiting to be paid on longer payment schedules. CHC’s borrowers can proceed confidently knowing that financing is in place, further reducing costs with more predictable and efficient construction workflows.

    CHC can help you determine the best mix of financing for your project. Call us to learn more at (404) 373-5662.

    * Higher loan amounts considered on a case-by-case basis

  • Multifamily Construction/Perm Loan

    View or print the flyer

    Loan TypeMultifamily Construction/Permanent Loan
    Purpose Rehabilitate and Preserve Multifamily Properties Long-Term, Remarkable Low Rates; Only one execution
    Availability Nationwide
    Gap Financing Eligibility Apply for up to $500,000 (grant/award) for additional gap financing through FHLB Atlanta's AHP Program; available nationwide
    LTV Greater leverage (LTV) during the construction and permanent phase than available in the private sector
    Construction Bridge Financing CHC brings solutions to the unique timing constraints of subsidies and complex capital stacks
    Interest Interest Only Variable Financing During Construction with a fixed rate perm loan and an amortization up to 35 years

    CHC's Construction/Perm laon offeres remarkable rates, terms, and the speed you need to get to the closing table more quickly and with only one execution. Include bridge financing and an AHP award to fill gaps in your project's capital stack.

    Call us at (404) 373-5662 to discuss your options including potential pricing, leverage, and timing.

  • Bridge

    Loan TypeBridge
    Loan Amounts $250K - $8MM*
    Term Up to 48 months
    LTV Up to 90%
    Repayment Monthly Interest Only
    Collateral Determined on a case-by-case basis
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC’s bridge financing assists NeighborWorks organizations in meeting the liquidity needs associated with financing gaps. These gaps are often caused by timing issues related to the receipt of public subsidies or other committed funds. Given the nature of these gaps, CHC accepts alternative forms of collateral to secure bridge loans. 

    Do you have questions? We’re here to help. Call us at (404) 373-5662.

    * Higher loan amounts considered on a case-by-case basis

  • Multifamily Acquisition Lines of Credit - Revolving

    Loan TypeMultifamily Acquisition Lines of Credit - Revolving
    Loan Amounts $500K - $8MM*
    Term Up to 48 months (tranches limited to 36 months)
    LTV Up to 95% for Performing Multifamily Properties
    Repayment Monthly Interest Only
    Collateral 1st Lien Security Interest
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC offers revolving lines of credit (LOC) to high capacity NeighborWorks® developers for the purchase of operating multifamily properties. This product alleviates the need to underwrite each individual transaction, saving money and allowing expedited closings. With LTV’s up to 95% and pre-approval, CHC’s multifamily acquisition LOC effectively removes any financing contingency, making purchase offers more competitive against private sector developers and cash purchasers.

    Call us to learn more at (404) 373-5662.

    * Higher loan amounts considered on a case-by-case basis

  • Mini-Perm

    Loan TypeMini-Perm
    Purpose Acquire and Stabilize Multifamily Housing
    Loan Amounts $250K - $7MM*
    Term 5-7 Years
    LTV Up to 95% (stabilized value)
    Repayment Monthly Principal and Interest Payment based on 30-year Amortization
    Collateral 1st Lien Security Interest
    Debt Service Coverage 1.15:1 or better
    Legal Determined by Complexity of Transaction. Paid by Borrower

    A mini-perm loan is essentially a bridge loan that allows a borrower to refinance acquisition/construction/rehabilitation debt prior to securing long-term permanent financing. CHC’s Mini-Perm loan program is ideal for acquiring and stabilizing a property for a period of 5 to 7 years, with amortizing schedules up to 30 years.

    Call us to learn more at (404) 373-5662.

    * Higher loan amounts considered on a case-by-case basis

  • Permanent Financing

    Loan TypePermanent Immediate Funding
    Purpose Preserve Multifamily Properties Long-Term, Fixed-rate Loan > 20 units
    Loan Amounts $500K - $7MM*
    Term 5-30 Years
    LTV Up to 85% (stabilized value)***
    Repayment Monthly Principal and Interest; 15-year Lockout or Yield Maintenance
    Collateral 1st Lien Security Interest
    Debt Service Coverage 1.15:1 or better
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC's Permanent Multifamily loan program was created to provide long-term, fixed-rate mortgages with repayment terms from 10-30 years and amortization schedules up to 30 years. CHC’s permanent financing is often used in conjunction with CHC’s construction loans with an easy conversion to permanent. CHC’s flexible capital can solve a wide variety of complex development challenges and we can finance up to 85% of the stabilized value.

    Call us at (404) 373-5662 to discuss your options including potential pricing, leverage and timing.

    * Higher loan amounts considered on a case-by-case basis

  • Forward Commitment

    Loan TypeForward Commitment
    Purpose Take-out for LIHTC Properties > 20 Units
    Loan Amounts $500K - $7MM
    Term 5-30 Years
    LTV Up to 80% (hard debt)***
    Repayment Monthly Principal and Interest; 15-year Lockout or Yield Maintenance
    Collateral 1st Lien Security Interest
    Debt Service Coverage 1.20:1
    Legal Determined by Complexity of Transaction. Paid by Borrower

    CHC provides forward commitments for LIHTC funded multifamily projects. This loan product gives the developer and the equity provider assurance that take-out financing is in place. Commitments can be for a period of up to 24 months.

    Do you have questions? We’re here to help. Call us at (404) 373-5662.

    * Higher loan amounts considered on a case-by-case basis

  • Agency Multifamily

    CHC provides the Interim Financing often needed to acquire, rehabilitate, and stabilize the property prior to placing longer-term debt. CHC is your one-stop-shop for multifamily financing. Reach out to us to learn more.

    CHC, in partnership with X-Caliber Capital, now offers loan products from FHA, Fannie Mae, and Freddie Mac.* CHC customers receive concessionary discounts, including the waiver of a customary $5,000 processing fee. With a broader range of solutions, CHC can help you select the best multifamily financing option to meet your objectives.

    Learn More about Agency Multifamily Loan Products through Community Housing Capital.

    To learn more about which loan product makes the most sense for your project, speak with one of CHC’s loan officers at (404) 373-5662.

     *All GSE related loan products underwritten and originated by licensed and authorized FHA/HUD lenders

  • Federal Home Loan Bank Atlanta AHP       Competitive Awards

    CHC sponsors several applications each year on behalf of its borrowers to receive an Affordable Housing Program (AHP) award for up to $500,000 for the acquisition, construction, rehabilitation, and development of affordable rental and ownership housing. As part of sponsoring borrower applications to FHLBank Atlanta, CHC also provides a commitment for additional financing for the project upon successful application to each organization. Since CHC’s acceptance in 2015 as a FHLBank Atlanta member, our borrowers have received AHP awards of over $6.2 million, facilitating over $143.5 million in total development costs.

    Don’t miss your chance for up to $500,000 in Real Estate Equity Awards. Call us today at (404) 373-5662.

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