Products & Services

Loans for Housing

Rental housing

  • Eligible Borrowers: Community development corporations, nonprofit and for-profit affordable housing developers, local and state housing authority
  • Interest Rate: 5-8% Fixed
  • Product Term:
    • Bridge 3 years
    • Working Captial 2 years
    • Predevelopment 2 years
    • Acquisition 3 years
    • Construction 3 years
    • Mini-Perm 7 years
    • Permanent 25 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, local and state housing authority
  • Interest Rate: 5-8% Fixed
  • Product Term:
    • Bridge 3 years 
    • Predevelopment 2 years
    • Acquisition 3 years
    • Construction 3 years
  • Loan Fees: Up to 1.5% of loan amount plus legal fees