Our Model

Loans for Housing

Rental housing

  • Eligible Borrowers: Community development corporations, nonprofit and for-profit affordable housing developers
  • Interest Rate: 6%; Permanent Fixed at Spread over U.S. Treasuries of comparable duration
  • Product Term
    • Bridge: 3 years
    • Working Capital: 2 years
    • Predevelopment: 2 years
    • Acquisition: 3 years
    • Construction: 3 years
    • Mini-Perm: 7 years
    • Permanent: 27 years
  • Loan Fees: Up to 1.5% of loan amount plus legal fees

For sale housing

  • Eligible Borrowers: Community development corporations, nonprofit and for-profit affordable housing developers
  • Interest Rate: 6%
  • Product Term
    • Bridge: 3 years
    • Working Capital: 2 years
    • Predevelopment: 2 years
    • Acquisition: 3 years
  • Loan Fees: Up to 1.5% of loan amount plus legal fees