Multifamily Housing Loans
Bryan Place, built by nonprofit developer CASA, provides 14 units of affordable housing for very-low-income residents in North Carolina.
Financing for affordable housing properties
Investing in or developing an affordable multifamily property? We can help. With over 30 years of experience, we know how to navigate the challenges of this sector.
We provide construction-to-perm and permanent senior debt for the preservation or creation of large scale multifamily affordable housing properties.
We lend to sole proprietors, partnerships, LLCs, corporations, nonprofits, and for-profit entities.
We provide construction-to-perm and permanent senior debt for the preservation or creation of large scale multifamily affordable housing properties.
We lend to sole proprietors, partnerships, LLCs, corporations, nonprofits, and for-profit entities.
- Homeownership*
- Single-family housing for sale*
- Mobile home or RV parks
*If you’re interested in getting financing for a single-family home — whether as an investment property or a primary residence — contact the home lending team at your nearest branch.
What we look at
When we evaluate your application, we look at the following criteria:
We'll need to see 2–3 years of tax returns. Your business or nonprofit needs to have enough annual cash flow to cover expenses plus the loan payments, with revenue left over.
We will review the experience of project owners, managers and guarantors. We want to see that the owner or manager has relevant experience, both in your industry and in management.
Our loan can't provide 100% of your project's financing. You will need to have some cash investment in the project, too. We sometimes have programs available to support borrowers who need help with capital contributions.
In most cases, your loan will need to be fully secured by real estate collateral. We sometimes have programs available to support borrowers who need help with this requirement.
We will review your personal credit report to see if you have a history of paying debts and suppliers on time. We can make exceptions for one-time events if you can demonstrate consistent on-time payment history otherwise.
Begin the Multifamily Housing Loan Process