Loan Products

Early-stage investments in planning, design, and environmental and structural assessments for projects that are proceeding to construction. Proceeds are used to pay due diligence expenses, deposits, and other predevelopment costs.  

• Loan Amount: $100,000-$2,000,000  
• Interest Rate: Starting at 7.85% 
• Term: Up to 3 years  
• Repayment: Interest-only, payable monthly  
• Loan Fees: Up to 1.5% of loan amount plus legal fees  
• Collateral: Flexible; collateral required for loans above $500,000

Financing to help pay the purchase price and closing costs for property acquisition. These loans are generally made when construction and permanent financing have been secured or preliminarily committed.  

• Loan Amount: $100,000-$10,000,000  
• Interest Rate: Starting at 7.85% 
• Term: Up to 3 years  
• Repayment: Interest-only, payable monthly  
• Loan Fees: Up to 1.5% of loan amount plus legal fees  
• Collateral: Real estate collateral with LTV of up to 85%  

Loans to projects, either as a sole source of financing or in concert with other lenders. Construction loans are provided for hard and soft building and improvement costs, including new construction, substantial or moderate renovations, and leasehold improvements.  

• Loan Amount: $100,000-$10,000,000  
• Interest Rate: Starting at 7.85% 
• Term: Up to 3 years  
• Repayment: Interest-only, payable monthly  
• Loan Fees: Up to 1.5% of loan amount plus legal fees  
• Collateral: Real estate collateral with LTV of up to 85%  

Longer-term, partially amortizing loans for certain projects, including rental housing, community facilities, and economic development projects. LISC’s mini-permanent loan is typically originated as a construction loan that converts to mini-perm when certain conditions are met, such as issuance of a certificate of occupancy and/or stabilized operations.  

• Loan Amount: $100,000-$10,000,000  
• Interest Rate: Starting at 8.20% 
• Term: Up to 7 years  
• Repayment: Amortizing payments based on period of up to 25 years depending on project type, payable monthly  
• Loan Fees: Up to 1.5% of loan amount plus legal fees  
• Collateral: Real estate collateral with LTV of up to 85%  

Long-term financing or refinancing of acquisition, construction, and renovation projects in low-income areas or that serve low-income populations for several project types, including rental housing, charter schools, health centers, and commercial and nonprofit asset classes.  

• Loan Amount: $500,000-$10,000,000  
• Interest Rate: Starting at 8.20% 
• Term: Typically up to 15 years, longer on an exception basis  
• Repayment: Amortizing payments, payable monthly  
• Loan Fees: Up to 1.5% of loan amount plus legal fees  
• Collateral: 1st lien on real estate collateral with LTV of up to 85%; additional collateral required for any amount in excess of 85% LTVconst  

Financing to bridge the timing gap between expenses needing current payment and receipt of cash from committed or anticipated sources of capital not yet available, including capital campaign commitments, public contracts or note proceeds, earned developer fees, and tax credit capital contributions.  

• Loan Amount: $100,000-$10,000,000  
• Interest Rate: Starting at 7.85% 
• Term: Up to 3 years  
• Repayment: Interest-only, payable monthly  
• Loan Fees: Up to 1.5% of loan amount plus legal fees  
• Collateral: Bridged receipts and/or real estate collateral  

Financing to fill credit gaps for our strongest borrowers by providing flexible working capital lines of credit to meet organizational cash flow needs or pay project-based expenses.  

• Loan Amount: $100,000-$3,000,000  
• Interest Rate: Starting at 7.85% 
• Term: Working capital LOC: up to 2 years; project-based LOC: up to 3 years.  
• Repayment: Interest-only, payable monthly  
• Loan Fees: Up to 1.5% of loan amount plus legal fees  
• Collateral: Flexible; generally secured