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

Multi-Family Permanent

Mini-Perm Multifamily Permanent
Purpose Acquire and Stabilize Multifamily Housing Preserve Multifamily Properties Long Term, Fixed-rate Loan > 20 units
Loan Amounts $250K - $15 MM $500K - $15 MM
Term Up to 7 Years Up to 30 Years
LTV Up to 90% Up to 90%
Repayment Monthly Principal and Interest Payment based on 30-year Amortization Monthly Principal and Interest; May have 15-year Lockout or Yield Maintenance
Commitment Fee Determined on a Case-by-Case Basis Determined on a Case-by-Case Basis
Application Fee $2,000 $2,000
Debt Service Coverage Determined on a Case-by-Case Basis Determined on a Case-by-Case Basis
Collateral 1st Lien Security Interest 1st Lien Security Interest
Legal Paid by Borrower Paid by Borrower