Lines of Credit

Flexible Loan Products for Affordable Housing Development

Flexible lines of credit for predevelopment, multifamily acquisition, and single-family acquisition or rehabilitation needs.

Lines of Credit	Predevelopment LOC	Multifamily Acquisition LOC	Single Family LOC
Purpose	To cover feasibility studies and third party costs.	Expedited closings for multifamily properties to compete with all-cash offers.	Expedited closings for acquisition and/or rehab of single-family homes. Pairs well with scattered-site development.
Loan Amounts	Up to $1MM	Up to $10MM	Up to $10MM
Term	Up to 36 months	Up to 36 months	Up to 36 months
LTV	N/A	Up to 95% for performing multifamily properties	Up to 85%
Repayment	Monthly interest only	Monthly interest only	Monthly interest only
Commitment Fee	Determined on a case-by-case basis	Determined on a case-by-case basis	Determined on a case-by-case basis
Application Fee	$2,000	$2,000	$2,000
Collateral	Unsecured	1st lien security interest	1st lien security interest
Legal	Paid by borrower	Paid by borrower	Paid by borrower

Purpose: Expedited closings for multifamily properties to compete with all-cash offers.
Loan Amounts: Up to $10MM
Term: Up to 36 months
LTV: Up to 95% for performing multifamily properties
Repayment: Monthly interest only
Commitment Fee: Determined on a case-by-case basis
Application Fee: $2,000
Collateral: 1st lien security interest
Legal: Paid by borrower

Purpose: Expedited closings for acquisition and/or rehab of single-family homes. Pairs well with scattered-site development.
Loan Amounts: Up to $10MM
Term: Up to 36 months
LTV: Up to 85%
Repayment: Monthly interest only
Commitment Fee: Determined on a case-by-case basis
Application Fee: $2,000
Collateral: 1st lien security interest
Legal: Paid by borrower

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