Loan Products
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:
- Predevelopment loans, including feasibility studies
- Acquisition loans
- Construction loans
- Permanent financing
- Equity and intermediary capital loans
- Revolving working capital loans
- Lines of credit
- Bridge Loans
Loans can range from $50,000 to over $4 million and are intended to be short-term (usually less than three years, paid back at the time of permanent financing) and market-competitive. They do not take the place of traditional financial facilities, such as those offered by private banks. Rather, they cover the high-risk portion of a project – the predevelopment stage of a project in a low-income community – that most lenders are unable to finance due to their underwriting thresholds. Sometimes LISC funds are used to complement a bank commitment by taking a second or tertiary position. Although most LISC loans are real estate related, there are a few made as lines of credit to assist client organizations in their cash flow.
LISC Greater Kansas City can also provide technical and financial assistance in specialized areas of expertise through LISC National in the following areas:
- Childcare facility projects
- Charter and alternative school facility projects
- Renovation/new construction of community football fields through the NFL Grassroots Program
- Housing preservation projects
- Public housing projects
