NeighborWorks Capital’s mission is to support the high-impact community development projects and growth opportunities of every member of the NeighborWorks America network. We do that by providing flexible, responsive, and affordable financing solutions for all types and stages of residential and commercial real estate development AND business expansion; capital for specific projects AND for the whole enterprise.

To serve the breadth of NeighborWorks affiliates well, we have an experienced team of lenders and portfolio managers ready to respond to your project challenges, from the earliest planning for new development to long-term financing for the preservation of affordable homes to capital to support a new business opportunity. Our flexibility comes from our long-term experience lending to the NeighborWorks network, the creativity of our team, Board members and staff, and from the capital we use to make our loans. Our financing solutions don’t have to fit tightly into narrow boxes; we want to craft a solution that fits you and your needs.

We put the same energy and effort into every loan request – no matter the size of the project or loan amount. Our flexible capital sources allow us to offer loans from $250,000 up to $10 million (depending on the purpose, of course), with fixed or floating interest rates with terms from 12 months to 18 years.

The NeighborWorks Capital lending team works with each borrower to provide custom terms to suit the needs of your project. As a CDFI, NeighborWorks Capital typically can offer higher loan-to-value and lower debt coverage ratios than many lenders of affordable housing, and we can make loans that other lenders simply cannot, like unsecured term loans for predevelopment costs up to $500,000, or subordinate financing to fill financing gaps in large multifamily acquisitions! Check out our financing solutions!

Our Financing Solutions

Competitively priced, fixed-rate loan capital with flexible terms.

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Acquisition

To purchase vacant sites or operating properties that you will transform into high-impact community treasures
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Construction

Covering the costs of building from the ground up or when you're doing a major rehabilitation.
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Permanent

Longer-term fixed rate loans to assist with buying new properties or refinancing your portfolio.
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Predevelopment

Short-term, unsecured loans to get your development from the drawing board to groundbreaking.
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Line Of Credit

Flexible and responsive acquisition and construction financing to make your development pipeline move faster without breaking the bank
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Enterprise Capital

Working capital loans to invest in new business opportunities to expand your reach and your impact.
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Solution Matrix

Rental For Sale Commercial Organization
Acquisition
Construction
Predevelopment
Permanent
Enterprise Growth
Line of Credit

In The News

Director, Green Initiatives

NeighborWorks Capital seeks a Director, Green Initiatives (Director) to build, implement, and manage the organization’s greenhouse gas reduction program. NeighborWorks Capital is a member of Climate United, a broad coalition organized to deploy federal investment from the Environmental Protection Agency (EPA)’s Greenhouse Gas Reduction Fund (GGRF) to support the equitable adoption of green technologies in communities across America, with an emphasis on serving low-income and disadvantaged communities (LIDACs).

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Nevada Hand | Serene Pines

NeighborWorks Capital is pleased to extend a $6,000,000 acquisition loan in participation with NewWest Community Capital to Nevada Hand. The funds will be used to acquire 6.5 acres of land in Las Vegas, NV where Nevada Hand will construct Serene Pines, a 282-unit affordable housing development for seniors.

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Coalition for a Better Acre (CBA) | New North Canal Apartments

NeighborWorks Capital is pleased to extend a $1,000,000 pre-development line of credit to the Coalition for a Better Acre (CBA) in Lowell, MA. Funds will be used to support predevelopment costs associated with a 4% LIHTC recapitalization of New North Canal Apartments and the new construction of Olympia Restaurant, a homeownership condominium project slated for 2025.

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