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

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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
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
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