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Construction & Permanent Lenders
The listings on this page are provided as a free service to affordable housing community funding recipients.
The information contained on this page is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy securities. Novogradac does not provide investment advice and these listings are not to be construed as a recommendation to engage in a transaction with a particular party.
The information below is based solely on information provided to Novogradac by the listed contact person for each company and Novogradac is not responsible for any inaccurate or out of date information in these listings. Companies utilizing this free listing are solely responsible for obtaining necessary clearances from their compliance departments. Novogradac will not be liable for any loss or damage that may arise as a result of the use of the information contained herein. This website provides links to websites owned by other parties. The content of such sites is not within Novogradac’s control; Novogradac cannot take responsibility for the information or content thereon.
To be included in this list, please contact [email protected]. This will be used in our online listings, as well as our Novogradac Journal of Tax Credits print edition.
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| Lender Name / Contact Person | Loan Type / Loan Term | Current Rate / Fees & Points | DSCR / LTV Ratio |
Adroc Capital LLC | FHA/HUD MAP and LEAN loan programs Up to 40 years | Varies Varies | 1.11x-1.176x 80%-90% |
Align Finance Partners | Mezz / Full term interest only; 30 year bond term with mandatory redemption in year 17 or 18 | Varies Varies | 1.15x IO Up to 90% |
Const. / Up to 35 Yrs. | Variable / Fixed Varies | 1.15 min. Up to 90% | |
Barings Multifamily Capital LLC | Permanent Financing for: Acquisition, Balance Sheet, GSE, FHA, Taxable Loans, Tax-Exempt, Private Placements Public Offerings 18 - 40 Yrs. | Call for Information Call for Information | 1.15 90% |
BBVA | Construction Permanent Tax-exempt/Taxable | Up to 30 months Up to 18 years | 1.15x 80% |
Bedfor Lending 646.543.2170 | Const./Term Loans for Affordable Housing Developments | Fixed, Based on Treasuries/Varies | Up to 40 Yrs. Up to 90% |
Bellwether Enterprise Real Estate Capital LLC
| FHA/HUD USDA/ Fannie Mae/Freddie Mac/ LIHTC/ Bridge/ New Construction/ Rehab & Perm Loans/ | Call for Information Varies | 1.11 min. Up to 90% |
Berkeley Point Capital 267.465.7525 | LIHTC / Up to 40 Yrs. | Varies Varies | As low as 1.05 Up to 90% |
Bonneville MultiFamily Capital Rob Hall 801.323.1000 | USDA 538 / Up to 40 years | Varies Varies | 1.15 Minimum USDA Up to 90% |
Boston Capital Finance Sean Curry | Construction and Fixed Rate Forward Permanent Financing Construction 24 months, Permanent 15 or 16 Years / 35-40 year Amortizations | Call to Inquire Call to Inquire | 1.15 85% |
CA Housing Finance Agency 916.326.8800 | Call for Information Call for Information | Call for Information Call for Information | Call for Information |
CBRE 206.664.9313 | Fannie Mae Up to 40 Years | Treasury Based Varies | Varies Up to 90% |
Capital One Bank 713.435.5321 | Const. and Term Loans for Affordable Housing Dev. Const. 18-30 months; Term 15 years, 30 year amort., forward rate lock | LIBOR + 275-325 bp 100 bp + rate lock fee 50-100 bps | 1.20/80% |
Century Housing Corporation 310.642.2030 | Acq. / 12-48 Mos. | Variable / Fixed Varies | Call for Information 75%-90% |
Chase | Const. / Const. 36 mos; Perm. up to 18 yrs | Variable / Fixed Varies | Varies Up to 80% |
Churchill Stateside Group 727.233.0564 | HUD MAP, Up to 40 Yrs. | Variable / Fixed, Treasury based Call for Information | Varies Varies |
Cinnaire Lending | Acq/Predev/Bridge/Term/Mini-Term/Perm Up to 18 yrs. | Variable based on loan type 1% of origination fee plus legal fees & 3rd party costs | As low as 1.10 Up to 90% |
Citi Community Capital 561.347.3254 | Taxable/ | Short-Term to 35 years Varies | Down to 1.15 |
Citizens One Home Loans 920.809.0094 (cell) | Fixed 30 / Once Close Construction to Perm / Full Renovation 30 Years | Short-Term / Long-Term Varies | 1.15 |
Citizens Union Bank | Const. / Up to 24 Mo. | Varies Varies | Varies |
Davis-Penn Mortgage Co. | Const. / 35-40 Yrs. | Fixed Negotiable | 1.15 |
Dougherty Mortgage LLC 612.317.2100 | Const. / 5 Yrs. To 40 Yrs. | Call for information Varies | 1.11 min. Up to 90% |
Fallbrook Loan Fund Jeff Jerdin, CPA | Construction to Perm - 40 year amort. Construction to Fannie/Freddie/HUD Tax Credit Bridge Loans | Call to inquire Call to inquire Call to inquire | 1.15 / up to 95%
|
Grandbridge Real Estate Capital Andrew Weil | FNMA DUS / 5-40 Yrs. | Call to request Varies | 1.10-1.20 Up to 90% |
Great Southern Bank 402.758.8712 | Bridge / 2 Yr. Const./15 Yrs. Perm. | Fixed / Variable .75% Bridge / Const., 1% Perm. | 1.15 |
Greystone Servicing Corporation Inc. 770.392.9340 | Fannie Mae 5-30 Yrs. | Treasury Based Varies | 1.11 min. |
636.730.2522 | Predevelopment / Up to 24 months | Varies Varies | N/A 80% |
KeyBank Real Estate Capital 214.540.9129 | Fannie Mae / 18-36 Mos. | Variable / Fixed 1%-3% | 1.15-1.20x 90% |
Legacy Bank and Trust 417.753.4343 | Construction / Perm / Bridge / Direct Purchase Up to 24 months construction; Up to 18 years perm | Varies .5% - 2% | 1.15x 80%- 85% |
Legacy Capital Mortgage LLC; DBA: Legacy Capital 972.407.1500 | FHA/HUD 35/40 Years | Varies | 1.17x Up to 90% |
Love Funding | HUD / FHA -- Up to 35 yrs. Perm. Loans | Varies Varies | As low as 1.11x |
Lument Tracy W. Peters | Fannie Mae, Up to 40 yrs. | Variable/Fixed Varies | As low as 1.11x Up to 90%. |
McLane Poteet Corey Poteet 314.721.2265 | Predevelopment/Const./Rehab/Bridge Up to 30 Mo. | Variable/Fixed Varies | None 75%-100% |
Merchants Capital Dwayne George 202.794.6022 | Bridge, Construction, Perm Loans, LIHTC Equity Bridge Loan Bridge: Up to 48 months; Construction: Up to 42 months; Perm Up to 40 years | Varies Varies | 1.10x-1.25x Up to 90% LTV, or 85% LTC |
952.356.0083 | LIHTC/New Construction, Rehabilitation and Permanent Loans/ Up to 40 yrs. | Varies Varies | Varies |
Pacific Western Bank Jennifer Riddle | Affordable Housing nationwide, primarily focused on CA, CO, NC Construction-to-Perm/ Construction: varies, typically up to 36 months | SOFR/10-Yr. Tres. + spread Varies (Typically 1.00%, plus legal and 3rd party costs) | Min. 1.15x Construction: up to 90% Permanent: up to 70% |
Paragon Mortgage Corporation 602.347.6726 | HUD / FHA – New Const. / Up to 40 Yrs. | Varies Negotiable | 80%-90% |
Pembrook Capital Management LLC 212.906.8688 | Const. / Up to 60 Mo. Const. & Bridge / 18/30 Yrs. Perm. | Fixed / Variable Varies | 1.15 min. Up to 90% |
PGIM Real Estate | Fannie Mae, FNMA: 5-30 Yrs; FHA: 35-40 Yrs | Treasury (fixed) and avg. 30-day SOFR-based (variable) Varies | Down to 1.15x (Agency, New Tax Credits); Down to 1.20x (Agency, Preservation); Down to 1.111x (FHA) Up to 90% (Agency, New Tax Credits); Up to 80% (Agency, Preservation); Up to 90% (FHA) |
PNC Real Estate 415.733.1500 | Fannie Mae / Up to 40 Yrs. | N/A Varies | 1.10-1.20 |
646.844.0935 | 40 yr. amort / 17 yr. term | Variable/Fixed 1.0%-1.5% all-in for constr. & perm | 1.15x – 1.20x LTV as Stabilized with LIHTC 65% |
| RBC Capital Markets Helen Feinberg 727.895.8892 | Tax Exempt 1-40 Yrs. | Variable / Fixed Varies | 1.15+ 75%-90% |
Red Stone Partners Ryan Sfreddo 212.297.1800 | Tax-Exempt / Up to 40 Yrs. | Fixed 1%-2% | 1.15-1.20 80%-90% |
Regions Bank | Const. / 24 mo. const. period; will consider open-ended transactions | Variable / Fixed 1%-1.5% | 1.15x NAP Up to 90% |
RICHMAC Funding, Inc. 212.938.0498 | Fannie Mae, Up to 40 years | Treasury Based, Variable and Fixed Varies | 1.11x min Up to 90% |
Rockhall Funding | Const. / Up to 40 years | Fixed, based on treasuries | Up to 90% |
Rockport Mortgage Corporation 978.675.2002 | FHA-Insured (acquisition, Up to 35 yrs. for purchase or refinance; Up to 40 yrs. for new const. or sub rehab | Varies Fixed Rate | Varies; 1.11 to 1.20 Varies; 80-90% |
Rocky Mountain Community Reinvestment Corporation 801.366.0400 | LIHTC Perm / | Treasury Based 1%-1.5% | 1.15-1.20x 80% |
Stearns Bank N.A. | Const. / Up to 30 Mo. | Variable / Fixed 1%-2% | None 75%-100% |
Sterling Bank Philip Minden Pat Blassie | Const. / Up to 24 months const. | Variable / Fixed 1%-2% | 1.15-1.25 80%-85% |
Stifel Dan Dill | Tax Exempt / Up to 40 yrs. | Variable / Fixed Varies | 1.15+ Up to 90% |
SunTrust Community Capital 404.230.5516 | Const. / Up to 36 Mos Const. / 18/30 Yrs Perm | Variable / Fixed Varies | Varies Up to 90% |
Systima Capital Management, LLC 614.381.6966 | Mezz/Pref Equity | Call/email for more information | 1.15x and 90% |
| U.S. Bancorp Impact Finance Lisa Gutierrez | Const./ Up to 36 Mos / Const/18/35 Yrs Perm | Fixed / Variable .75-1.75 | 1.15 80%-85% |
Walker & Dunlop 301.215.5500 | Fannie / 1-40 years | Call for Information Varies | Varies Up to 90 % |
Wells Fargo Community Lending and Investment 503.886.2587 | Const. / Const. up to 30 months; Perm. up to 30 years | Variable / Fixed Varies | Varies Up to 90% |