Lending
LISC is a Community Development Financial Institution (CDFI) that offers loans and equity products to support a variety of real estate developments, including housing, retail projects, industrial projects, and community facilities such as childcare facilities, cultural centers, and health care facilities. We offer financing in multiple stages of project developments — predevelopment, property acquisition, construction, and permanent.
Click here for our current lending products overview. The work of rebuilding neighborhoods—creating affordable housing, renovating a retail corridor or constructing a new school, recreation center or office building—doesn’t happen without financing.
Loans
LISC has a variety of flexible lending products designed to help developers, both for-profit and nonprofit bring development projects to fruition. Our loans cover every phase of development, from acquisition to permanent and all the steps in between. We are committed to working together with developers to get projects done, whether it entails building affordable housing or a school or launching a retail or commercial venture. Click here for a summary of what we offer. Loan terms are subject to change and all loans must go through underwriting and credit approval processes.
Equity
We provide equity for affordable housing, community, and commercial projects throughout the region. Our equity for affordable housing development is offered through the National Equity Fund, an affiliate of LISC that syndicates the federal Low Income Housing Tax Credit. For more information about Low Income Housing Tax Credit equity for affordable housing projects in Indiana, please contact Kristen Senf, Vice President of Originations.
LISC Lending Products
Why borrow from LISC?
- We bring national and local investment resources to our network of offices whose staff know their communities well.
- We are able to provide flexible loan capital in underserved places.
- We invest early.
- We have the expertise in specialized underwriting for such complex projects as schools, health care centers and affordable housing.
- And we are willing to go to historically risky markets where more traditional lenders may not venture.
All interest rates are subject to change based on underwriting and approval. Lower rates may be available based on available funding sources, size, and term of the loan apply.
Lending Profiles
The section below displays a selection of LISC project profiles and investment information in Indianapolis. This effort aims to highlight the work our borrowers do throughout LISC communities, and share a snapshot of the impact each loan has generated.
LISC provided an acquisition loan to support the development of King Commons Apartments, a 32-unit permanent supportive housing development in the King Commons Great Place neighborhood.
LISC provided a loan in participation with the Entrepreneurs of Color Loan Fund to purchase and perform tenant improvements on the commercial proprty J Benzal LLC which is located at 38 E Washington Street.
LISC provided an acquiisition loan to allow the borrower to acquire the building it was currently operating out of.
LISC provided $635,000 in permanent financing to assist BWI with the installation of an advanced soalr array at the Prosperity Scholar House development in Fort Wayne, IN.
LISC provided financing to refinance an existing mortgage on a property that houses numerous small businesses and health care providers.
LISC provided a $260K construction loan that will be used to build a new 1,400 sq. ft. wellness center owned and operated by Flanner House.
A $3.3M bridge loan from LISC allowed the Englewood Community Development Corporation to redevelop a vacant 75,000 sq. ft. complex that was once a job center.
A $198,000 small business loan from LISC supported the growth of Georgetown Market, a long-standing, full-service gorcery and health store in an LMI and HFFI designated area.
A $4.14 million contruction loan from LISC is enabling Teagan Development to transform the vacant 120,000 square foot southern tip of the Circle City Industrial Complex into a vibrant and engaging small manufacturing and retail center.
