A permanent loan from NeighborWorks Capital provides members of the NeighborWorks Network with a flexible, long-term funding source to meet your needs and keep your project on track. Consider a permanent loan to:
Build an affordable rental, mixed-use or commercial space
Purchase an existing property
Rehabilitate a property in your portfolio
Refinance an existing loan
Achieving your affordable housing goals takes time, perseverance, and responsive funding. We’ll work with you to meet your project needs and timeline.
Regardless of the size of your loan, our team will review your request thoroughly to find the best solution for your project.
Fixed interest rates, including forward-committments
Loan amounts from $250,000 to $10 million. If you need more, reach out and we can help.
Loan terms from 10 to 15 years, or up to 18 years for LIHTC
Typical amortization of 30 years
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.
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
Senior Loan Officer Southern and Midwest Regions 301-789-6857
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.