Neighborhood Housing Services of Baltimore recently closed a $750,000 construction-to-permanent loan with NeighborWorks Capital for The Mill on North, West Baltimore’s first food hall. The Mill on North will fill a need in West Baltimore, a community that lacks restaurant and food services. The new food hall will include 8+ food and beverage concepts from local West Baltimore vendors. NHS of Baltimore recently held a groundbreaking event and the space is scheduled to open later this year.
NeighborWorks Capital Deploys $22 Million to Fund Permanent Multifamily Loans in Partnership with Charles Schwab Bank
On August 30, 2022, NeighborWorks Capital received its largest investment to date, a $25 million facility from Charles Schwab Bank to fund permanent multifamily loans. One year later, NeighborWorks Capital is pleased to report that 90% of the facility has been utilized and $22 million of long-term, fixed-rate permanent financing has been deployed to members of the NeighborWorks network.