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

Visiting Providence and Boston

Our team had the opportunity to spend time with five members of NeighborWorks America serving communities in Boston and Providence. On this trip, we visited Codman Square Neighborhood Development Corporation, Nuestra Comunidad Development Corporation, Madison Park Development Corporation, ONE Neighborhood Builders, and Cambridge Neighborhood Apartment Housing Services. Each of these organizations is doing transformational work to create opportunities for people to live in affordable homes, improve their lives, and strengthen their communities. 

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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.

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Senior Accountant

The Senior Accountant will report to the Controller and will directly assist the Finance Team with a wide range of tasks and projects related to financial reporting, budgeting and forecasting.

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Visiting Rocky Mountain Communities

NeighborWorks Capital Portfolio Manager Vince Episcopo recently traveled to Colorado to visit Rocky Mountain Communities (RMC), an organization that has been providing affordable housing and resident-focused services in Colorado for over 30 years.

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2022 Annual Report

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.

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