Permanent Loans

A permanent loan from NeighborWorks Capital provides members of the NeighborWorks Network with a flexible, long-term funding source to meet your needs and keep your project on track. Consider a permanent loan to:

Build an affordable rental, mixed-use or commercial space
Purchase an existing property
Rehabilitate a property in your portfolio
Refinance an existing loan

Achieving your affordable housing goals takes time, perseverance, and responsive funding. We’ll work with you to meet your project needs and timeline.

A Loan Size that Works for You

Regardless of the size of your loan, our team will review your request thoroughly to find the best solution for your project.

Fixed interest rates, including forward-committments
Loan amounts from $250,000 to $10 million. If you need more, reach out and we can help.
Loan terms from 10 to 15 years, or up to 18 years for LIHTC
Typical amortization of 30 years

If you’re purchasing or revitalizing a distressed property, the typical 80% loan-to-value (LTV) may make your project unfeasible. Because we’re committed to making housing affordable, we can lend up to 95% LTV.

Close on Your Timeline

Our lending team works to underwrite and close your loan quickly and on your schedule. From your first call through final closing, your loan officer works to meet your needs and keep your project on track.

We consider each funding request with your project goals and deadlines in mind. Your mission is to provide affordable homes that strengthen communities. We understand NeighborWorks organizations and we’re here to provide funding solutions that meet your needs and fit your timeline.

Contact a Loan Officer

Lanie Wasserman

Senior Loan Officer
Southern and Midwest Regions
301-789-6857

Mike Haas

Senior Loan Officer
Northeast and Western Regions
240-517-3586

Tools to Empower Your Decision Making

Our technical assistance guide to permanent loans walks you through the loan application and reviews the factors lenders consider when evaluating a permanent loan request.

Supporting the NeighborWorks America Network

We’re here to support members of the NeighborWorks Network, and we’ll consider funding for a variety of projects that support your mission. Whether you’re planning a new community center, a mixed-use building, or a new administrative office, we can help. If you’re unsure if your project is a fit, let’s discuss it. Our loan officers are only a phone call away.

Kiva Apartments

After serving rural Alamosa, Colo. for several years, Community Resources and Housing Development Corp (CRHDC) sought to address the needs of the greater San Luis Valley, a community facing high rental rates and home prices.

1370 California Street

Chinatown Community Development Center (CCDC) purchased and rehabilitated 1370 California Street to preserve 49 affordable apartments in the heart of Nob Hill, one of San Francisco’s most expensive neighborhoods.

Ashtabula Homes II

Fifteen years after utilizing low-income housing tax credits (LIHTC) to build Ashtabula Homes II, 40 single-family homes in northeast Ohio, Neighborhood Development Services (NDS) was faced with a challenge.

Permanent Loans

A permanent loan from NeighborWorks Capital provides members of the NeighborWorks Network with a flexible, long-term funding source to meet your needs and keep your project on track. Consider a permanent loan to:

Build an affordable rental, mixed-use or commercial space

Purchase an existing property

Rehabilitate a property in your portfolio

Refinance an existing loan

Achieving your affordable housing goals takes time, perseverance, and responsive funding. We’ll work with you to meet your project needs and timeline.

A Loan Size that Works for You

Regardless of the size of your loan, our team will review your request thoroughly to find the best solution for your project.

Fixed interest rates, including forward-committments

Loan amounts from $250,000 to $10 million. If you need more, reach out and we can help.

Loan terms from 10 to 15 years, or up to 18 years for LIHTC

Typical amortization of 30 years