Suncoast Housing Connections closed on a $1,250,000 construction loan to build six single family homes in St. Petersburg, FL for families between 80 and 120% of AMI. These homes are part of the organization’s larger plan to expand geographically and grow their real estate development line of business with single-family acquisition, rehabilitation, for sale and rental production.
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.
