When the right property comes along, you need to be ready. Whether you’re purchasing an operating building or buying land for future development, an acquisition loan gives you the resources to act when the time is right.
With an acquisition loan from NeighborWorks Capital, members of the NeighborWorks America network can quickly acquire the property they need, even if they’re not quite ready to start renovation or development. Whether you need a primary funding source or to fill a gap left by traditional lending sources, NeighborWorks Capital can help.
When long-time customer AHC wanted to acquire St. James Plaza in Alexandria, VA, an area which had been losing affordable housing options, they contacted NeighborWorks Capital to help.
Ithaca Neighborhood Housing Services (INHS) will refinance and renovate Verona Village, improving energy efficiency, reducing maintenance costs, and improving the lives of the tenants.