A National Community Development Financial Institution (CDFI)Flexible Loan Capital Customized to Create Affordable Housing
Loan Products
- Details
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- Details
- Details
| Multifamily Construction | Single Family Construction (Revolving) | |
| Purpose | New Construction and Rehab of Multifamily Properties | New Construction and Rehab of Single Family Scattered-site and Sub-division |
| Loan Amounts | Up to $15 MM | Up to $10 MM |
| Term | Up to 36 months | Up to 36 months |
| LTV | Up to 95% with Subsidy in Place | Up to 85% |
| Repayment | Monthly Interest Only | Monthly Interest Only |
| Commitment Fee | Determined on a Case-by-Case Basis | Determined on a Case-by-Case Basis |
| Application Fee | $2,000 | $2,000 |
| Collateral | 1st Lien Security Interest | 1st Lien Security Interest |
| Legal | Paid by Borrower | Paid by Borrower |
- Details
| Purpose | Short-term Funds to Bridge Timing of Committed Subsidy or Long-term Financing |
| Loan Amounts | Up to $15 MM |
| Term | Up to 36 months |
| LTV | Up to 90% |
| 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 |
- Details
| Purpose | Purchase of Land, Vacant or Occupied Multifamily Buildings |
| Loan Amounts | Up to $15 MM |
| Term | Up to 36 months |
| LTV | Land: Up to 85% MF: Up to 95% |
| 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 |