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 the right property comes up for sale, you don’t have time to wait on slow funding sources. Our loan officers are ready to help you close quickly so you can act on that opportunity. With proactive support and a knowledgeable team, we get you through the loan application processes as quickly as possible. Ask us about:
For the acquisition of operating properties, we offer loan terms of up to 60 months with a maximum LTV as high as 95%. That’s higher than the industry average.
If you need to acquire land for future development, we offer loan terms of up to 36 months with a maximum LTV as high as 85%.
For your short-term funding needs, no one offers more flexibility and support than NeighborWorks Capital. Check our term sheet for more details.
Our acquisition loan technical assistance guide can help you understand use cases and make sure you have all of your documents ready for a quick and efficient closing process. Of course, we’re also here to help if you need us.
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.