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PROGRAMS
FINANCING

Short-term Financing


Predevelopment Loans
Predevelopment loans are available for projects that are highly likely to proceed to construction.  Generally, commitments for one or more sources of permanent financing must have been obtained by the sponsor/developer of the project.


Acquisition Loans
LISC also provides loans to CDCs to help them acquire real estate.  We generally make these loans when construction and permanent financing have been secured to repay our loan.  However, the LISC loan can also be rolled over to assist with construction as long as other construction financing for the project is in place.


Construction Loans
Generally in conjunction with other lenders, LISC provides construction loans to projects.  We can take a position subordinate to conventional lenders and will share a subordinate position with other nonprofit or quasi-public lenders.


Bridge Loans
LISC can provide bridge loans to CDCs to fill a financing gap for a specified period of time.  Bridge loans are made when there is a guaranteed source of repayment, which will be made over time.