Charles Schwab Bank Invests $25 Million

Share This Post

NeighborWorks Capital is pleased to announce that Charles Schwab Bank has committed $25 million in lending capital to fund permanent multifamily loans. This new source of capital will allow us to meet the long-term financing needs of organizations in the NeighborWorks America network by providing flexible, fixed-rate capital.

This new source of capital will allow NeighborWorks Capital to provide long term, fixed rate permanent financing on properties with affordability requirements. NeighborWorks Capital can offer a low debt coverage ratio, up to 95% loan-to-value with terms up to 15 years.  We will focus on financing properties in Texas, California, Nevada, Utah, Colorado, Arizona, New Mexico, Oklahoma, Louisiana, and Alaska; properties in other states can also be considered.

To inquire about a permanent loan from NeighborWorks Capital, please visit our permanent loan page and click the get started button to complete a short form or call us at 240-595-1561.

Charles Schwab Bank is NeighborWorks Capital’s largest investor with this commitment to fund $25 million for up to 15-year permanent loan maturities. This is a substantial commitment from Charles Schwab Bank who also has a $15MM line of credit extended to NeighborWorks Capital. Charles Schwab Bank is a subsidiary of the Charles Schwab Corporation which provides a full range of securities, brokerage, banking, money management and financial advisory services.

Subscribe To Our Newsletter

Stay up to date with NeighborWorks Capital

More To Explore

NeighborWorks Capital Joins Federal Home Loan Bank of Atlanta

NeighborWorks Capital has joined the Federal Home Loan Bank of Atlanta, a cooperative of eligible commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies that offers competitively-priced financing, as well as affordable housing and community development grants.

Read More »

The Heart and Soul of Affordable Housing in Boulder County, CO

Founded in 1985, Thistle Community Housing is
a non-profit organization and Boulder County’s leading
proponent of permant affordable housing with a mission
to produce, preserve, and protect quality, permanently
affordable rental homes and homeownership opportunities
for moderate and lower-income individuals and families,
seniors, veterans, and people with disabilities.

Read More »