|Loan Amounts||$250K - $7MM*|
|Term||Up to 42 months|
|LTV||Up to 95% for Performing Multifamily Properties|
|Repayment||Monthly Interest Only|
|Collateral||1st Lien Security Interest (predevelopment loans are unsecured)|
|Legal||Determined by Complexity of Transaction. Paid by Borrower|
CHC originates pre-development (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