NeighborWorks Capital closed a $1,500,000 predevelopment line of credit loan with RUPCO in December 2018. Our loan will give RUPCO additional funds that will be utilized for several projects currently in their pipeline in the Hudson Valley. These projects include Energy Square (under construction), three residential projects, and The Metro, a commercial revitalization to begin construction in 2019 or early 2020.
NeighborWorks Capital Deploys $22 Million to Fund Permanent Multifamily Loans in Partnership with Charles Schwab Bank
On August 30, 2022, NeighborWorks Capital received its largest investment to date, a $25 million facility from Charles Schwab Bank to fund permanent multifamily loans. One year later, NeighborWorks Capital is pleased to report that 90% of the facility has been utilized and $22 million of long-term, fixed-rate permanent financing has been deployed to members of the NeighborWorks network.