Knowing that NeighborWorks network members are planning for a busy 2012 NeighborWorks Capital announces that it has doubled its maximum loan sizes for its Predevelopment, Acquisition and Mini-Perm Acquisition loan products:

Predevelopment Loans - Up to $400,000, unsecured for early stage due diligence (market studies, design, environmental, survey, etc.)

Interim/Acquisition Loans - Up to $3,000,000 for land and building acquisition, predevelopment expenses, critical repairs and bridge to take-out financing. These loans can be subordinated with up to $200,000 unsecured and Loan-to-Value up to 80%-95% depending on use. Can assemble loans up to $6 million per project in participation with other lenders

Mini-Perm Acquisition Loans - Up to $3,000,000 for acquisition, repairs and energy retrofits of operating properties with Loan-to-Value up to 95%. Can assemble loans up to $6 million per project in participation with other lenders

The other good news is NeighborWorks Capital has maintained its attractive rates and terms on the above products as well as the Property Improvement, Renewable Energy Equipment and Purchase of General Partner Interests products.

Building on this notable increase in loan sizes the NC Lending Team is committed to being Faster, Flexible, Affordable and Knowledgeable. It is our hope that NC can be a strong choice for your project’s financing needs. Please check out our detailed product terms on our website.