A mini-perm loan from NeighborWorks Capital is a flexible financing tool for the medium-term hold where you’re working to reposition, rehabilitate, restore or revitalize affordable housing and commercial properties.
What are mini-perms for?
Achieving your community development goals takes time, perseverance, and responsive funding. We’ll work with you to meet your project needs and timeline.
Regardless of the size of the loan you need, our team will review your request thoroughly to find the best solution for your project.
Fixed interest rates
Loan amounts from $250,000 to $7.5 million. If you need more, reach out and we can help
Loan terms from 5 to 7 years with 30-year amortization
Interest-only payment options are available
If you’re purchasing or revitalizing a distressed property, the typical 80% loan-to-value (LTV) may make your project unfeasible. Because we’re committed to making housing affordable, we can lend up to 95% LTV.