We are pleased to share NeighborWorks Capital’s 2022 Annual Report with you. This was an impactful year for our organization, a year filled with remarkable achievements, transitions, and new initiatives. We invite you to read our report and join us in celebrating a successful year. Thank you for your continued support and partnership. We look forward to growing our impact together in the years to come.
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.