A National Community Development Financial Institution (CDFI)Flexible Loan Capital Customized to Create Affordable Housing

Lines of Credit

Lines of Credit Predevelopment LOC Multifamily Acquisition LOC Single Family LOC
Purpose To Cover Feasibility Studies and 3rd Party Costs Expedited Closings for MF Properties to Compete with All-Cash Offers Expedited Closings for Acquisition and/or Rehab of SF Homes. Pairs well with Scattered-site Development.
Loan Amounts Up to $1MM Up to $10 MM Up to $10 MM
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