Loan TypeForward Commitment
Purpose Take-out for LIHTC Properties > 20 Units
Loan Amounts $500K - $7MM
Term 5-30 Years
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

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