We are pleased to share our 2021 Annual Report with you. As we reflect on the last year, we are inspired by the resiliency of our partners. Despite the challenging economic times, members of the NeighborWorks network expanded their activities to address emerging community needs. No matter what challenges lie ahead, we remain committed to being a key capital partner to NeighborWorks and a valued lender to the NeighborWorks network.
Thank you for your continued support and partnership.
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.