Permanent Loans

Mini-perm Loans

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?

  • Purchase and operating property
  • Position a property for long-term financing
  • Hold a property before recapitalizations, especially if assembling several for a scattered site deal

Achieving your community development goals takes time, perseverance, and responsive funding. We’ll work with you to meet your project needs and timeline.

A Loan Size that Works for You

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.

Close on Your Timeline

Our lending team works to underwrite and close your loan quickly and on your schedule. From your first call through final closing, your loan officer works to meet your needs and keep your project on track.
We consider each funding request with your project goals and deadlines in mind. Your mission is to provide affordable homes that strengthen communities. We understand NeighborWorks organizations and we’re here to provide funding solutions that meet your needs and fit your timeline.

Contact a Loan Officer

Lanie Photo 2

Lanie Wasserman

Senior Loan Officer
Southern and Midwest Regions

Mike Haas

Senior Loan Officer
Northeast and Western Regions

Tools to Empower Your Decision Making

Our technical assistance guide to permanent loans walks you through the loan application and reviews the factors lenders consider when evaluating a permanent loan request.

Supporting the NeighborWorks America Network

We’re here to support members of the NeighborWorks Network, and we’ll consider funding for a variety of projects that support your mission. Whether you’re planning a new community center, a mixed-use building, or a new administrative office, we can help. If you’re unsure if your project is a fit, let’s discuss it. Our loan officers are only a phone call away.

Loan Request