|Loan Type||Forward Commitment|
|Purpose||Take-out for LIHTC Properties > 20 Units|
|Loan Amounts||$500K - $7MM|
|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