Financing
LISC is a Community Development Financial Institution (CDFI) that offers loans and equity products to support a variety of real estate developments, including housing, retail projects, industrial projects, and community facilities such as childcare facilities, cultural centers, and health care facilities. We offer financing in multiple stages of project developments — predevelopment, property acquisition, construction, and permanent. Our loan products include:
- Pre-Development Loans
- Acquisition Loans
- Construction Loans
- Mini-Perm loans
- Permanent Loans
Click here for our current lending products overview. The work of rebuilding neighborhoods—creating affordable housing, renovating a retail corridor or constructing a new school, recreation center or office building—doesn’t happen without financing.
Loans
LISC has a variety of flexible lending products designed to help developers, both for-profit and nonprofit bring development projects to fruition. Our loans cover every phase of development, from acquisition to permanent and all the steps in between. We are committed to working together with developers to get projects done, whether it entails building affordable housing or a school or launching a retail or commercial venture. Click here for a summary of what we offer. Loan terms are subject to change and all loans must go through underwriting and credit approval processes.
Equity
We provide equity for affordable housing, community, and commercial projects throughout the region. Our equity for affordable housing development is offered through the National Equity Fund, an affiliate of LISC that syndicates the federal Low Income Housing Tax Credit. For more information about Low Income Housing Tax Credit equity for affordable housing projects in Indiana, please contact Kristen Senf, Vice President of Originations.
LISC Lending Interest Rates
Pricing Effective September 1, 2023
| Term | <=5 Years | >5 & <=10 Years | >10 Years |
Standard Real Estate Products
| Interest Rate | 8.0% | 8.35% | 8.35% |
Specific Real Estate Products
| NMTC Leverage Loans | N/A | 8.10% | N/A |
| LIHTC Perm Loans/Affordable Housing | N/A | N/A | 8.35% |
| Charter Schools Permanent Financing | N/A | N/A | 8.10% |
| FQHC/Healthcare Facilities (Expansion) | N/A | 8.10% | 8.35% |
Standard Small Business Products
| Real Estate Secured | 9.0% | 9.60% | 9.60% |
| Real Estate unsecured | 10.0% | 10.60% | 10.60% |
Are you a current borrower or thinking that you may need financing at some point in the future? This webinar shares everything you always wanted to know about borrowing from LISC.
