Nonprofit Developer/Owners:

Nonprofit borrowers are all entities with an IRS designation of 501(3) c and public entities such as housing authorities and community action councils or limited liability corporations where the managing member is a 501(3) c, housing authority or community action council or a limited partnership where the general partner is a nonprofit entity, a housing authority or a community action council.

Multifamily Permanent Loans

Special Needs Housing

Assisted Living Housing

For profit Developer/Owners:

For profit borrowers are all individuals or corporations without a nonprofit 501(3) c designation and entities with a for profit managing member in a limited liability corporation or the general partner in a limited partnership.

For profit/Nonprofit Joint Ventures:

Joint ventures will include a for profit entity partnering with a nonprofit (as defined above) managing member, general partner or where the nonprofit has an bona fide option to acquire the property at an established price and time. The option must remain in effect for the loan period or transfer date whichever is sooner.

Special Needs Housing