Lending and Capital
 

Lending & Capital


LISC provides the experience and skill needed to raise resources that can address the financial gaps often associated with investment in urban-core neighborhoods. Qualified nonprofit partners and for-profit developers can apply for a full range of financial products to cover the various stages of the commercial and residential development process including:

  • Recoverable Grants: limited, highly sought after funds, to provide early risk capital to advance project feasibility (non-profits only)
  • Pre-Development Loans: for pre-construction project costs once funds are committed
  • Acquisition Loans: to pay purchase and closing costs of a property acquisition
  • Construction Loans: with conventional financing to pay hard and soft construction costs
  • Mini-Permanent Loans: short term, for the long-term or “permanent” financing of a project
  • Revolving Working Capital Loans: to provide flexible working capital for multiple projects
  • Working Capital Lines of Credit: to meet organizational cash flow and/or capital needs
  • Bridge Financing Loans: for bridging capital campaign commitments, receivables, earned developer fees, and Low Income Housing Tax Credit capital contributions
  • LIHTC (Low Income Housing Tax Credit), NMTC (New Markets Tax Credit) Equity: equity financing through The National Equity Fund, Inc., The New Markets Support Company, and The Community Development Trust
Union Terminal Warehouse: LISC Jacksonville provided a loan to help Columbia Ventures acquire Union Terminal Warehouse located at 700 E. Union Street. This is the one of the first Urban Core projects in Jacksonville that attracted capital from outside Jacksonville.  Estimated total development cost is $72 million. Project completion estimated in Summer 2024. This historic 109-year-old landmark will rehabilitate and renovate at the heart of the city’s Eastside into workforce-affordable apartments (228) plus 50,000 square feet of commercial space to include artist studios, restaurants, retail and small office space.
Union Terminal Warehouse: LISC Jacksonville provided a loan to help Columbia Ventures acquire Union Terminal Warehouse located at 700 E. Union Street. This is the one of the first Urban Core projects in Jacksonville that attracted capital from outside Jacksonville.  Estimated total development cost is $72 million. Project completion estimated in Summer 2024. This historic 109-year-old landmark will rehabilitate and renovate at the heart of the city’s Eastside into workforce-affordable apartments (228) plus 50,000 square feet of commercial space to include artist studios, restaurants, retail and small office space.
Eastside Historic Row Houses: Acquisition/renovation loan for 6 historic row houses on Oakley Street in East Jacksonville to be rented to women in the Rethreaded program (survivors of human trafficking).
Eastside Historic Row Houses: Acquisition/renovation loan for 6 historic row houses on Oakley Street in East Jacksonville to be rented to women in the Rethreaded program (survivors of human trafficking).
Fruit of Barren Trees: LISC Jacksonville closed a loan to Rebecca Johnson, a developer and local woman of color who grew up in the Durkeeville neighborhood of Jacksonville. She returned in 2019 to assist in the revitalization of the Durkeeville and New Town community. The loan will renovate two existing buildings in Northwest Jacksonville. When completed, the space will be home to three rental apartments affordable to families earning 80 percent of the area median income, office space for small businesses in the community and a small event space.
Fruit of Barren Trees: LISC Jacksonville closed a loan to Rebecca Johnson, a developer and local woman of color who grew up in the Durkeeville neighborhood of Jacksonville. She returned in 2019 to assist in the revitalization of the Durkeeville and New Town community. The loan will renovate two existing buildings in Northwest Jacksonville. When completed, the space will be home to three rental apartments affordable to families earning 80 percent of the area median income, office space for small businesses in the community and a small event space.
College Park Shopping Center: Winn-Dixie at 999 University Blvd. N. in the College Park Shopping Center opened Sept. 2023. Photo by Karen Brune Mathis LISC provided loan and $5 million of New Market Tax Credits (NMTC). NMTC are the capital source that provides equity into the project which allowed the developer the ability to bring Winn-Dixie into the location. JWB Real Estate is redeveloping the former Town & Country Shopping Center. When Winn-Dixie left the area 20 years ago it created a void in the community and this area became a “food desert”. Store will employ 100 employees.
College Park Shopping Center: Winn-Dixie at 999 University Blvd. N. in the College Park Shopping Center opened Sept. 2023. Photo by Karen Brune Mathis LISC provided loan and $5 million of New Market Tax Credits (NMTC). NMTC are the capital source that provides equity into the project which allowed the developer the ability to bring Winn-Dixie into the location. JWB Real Estate is redeveloping the former Town & Country Shopping Center. When Winn-Dixie left the area 20 years ago it created a void in the community and this area became a “food desert”. Store will employ 100 employees.

Contact

Charles Shealy
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