NeighborWorks Capital’s mission is to support the high-impact community development projects and growth opportunities of every member of the NeighborWorks America network. We do that by providing flexible, responsive, and affordable financing solutions for all types and stages of residential and commercial real estate development AND business expansion; capital for specific projects AND for the whole enterprise.
To serve the breadth of NeighborWorks affiliates well, we have an experienced team of lenders and portfolio managers ready to respond to your project challenges, from the earliest planning for new development to long-term financing for the preservation of affordable homes to capital to support a new business opportunity. Our flexibility comes from our long-term experience lending to the NeighborWorks network, the creativity of our team, Board members and staff, and from the capital we use to make our loans. Our financing solutions don’t have to fit tightly into narrow boxes; we want to craft a solution that fits you and your needs.
We put the same energy and effort into every loan request – no matter the size of the project or loan amount. Our flexible capital sources allow us to offer loans from $250,000 up to $10 million (depending on the purpose, of course), with fixed or floating interest rates with terms from 12 months to 18 years.
The NeighborWorks Capital lending team works with each borrower to provide custom terms to suit the needs of your project. As a CDFI, NeighborWorks Capital typically can offer higher loan-to-value and lower debt coverage ratios than many lenders of affordable housing, and we can make loans that other lenders simply cannot, like unsecured term loans for predevelopment costs up to $500,000, or subordinate financing to fill financing gaps in large multifamily acquisitions! Check out our financing solutions!
Competitively priced, fixed-rate loan capital with flexible terms.
|Line of Credit|
A new California financing program to support new construction with tax exempt bonds and 4% LIHTC (“super credits”) offers new opportunities for affordable developers like
NewHeight Redfern is under contract to purchase and redevelop Mercy Hospital, currently a functioning hospital and a major institutional anchor in Portland, Maine. The mixed-use
To provide much-needed affordable housing to seniors in rural Ovid, NY, NeighborWorks Capital provided a $2.4 million acquisition loan and $424,000 unsecured predevelopment loan to
Dear Friends, I hope that you are all healthy and doing as well as any of us can be in this strange new world. As