$300,000 Predevelopment line of credit for LRCD

Share This Post

NC closed a $300,000 line of credit with Lakes Region Community Developers (LRCD) for predevelopment expenses on new development opportunities. Operating in an area of New Hampshire with scare affordable housing options, LRCD is working to expand the scale and pace of its developments, and a flexible source of predevelopment funding will support their growth. NC’s loan can be used for property acquisition costs, predevelopment costs, especially expensive design and engineering work, and legal work to get projects ready to start construction. This was NC’s first loan to LRCD.

Subscribe To Our Newsletter

Stay up to date with NeighborWorks Capital

More To Explore

NeighborWorks Capital Partners with Climate United to Build National CDFI Channel for Greenhouse Gas Reduction Fund Multifamily Lending

We are thrilled that Climate United has been selected to receive nearly $7 billion of funding from the EPA’s Greenhouse Gas Reduction Fund (GGRF). NeighborWorks Capital is proud to partner with Climate United to build a national CDFI channel for GGRF multifamily lending and to engage in market building to ensure funds reach underserved communities.

Read More »