NeighborWorks Capital

Overview:

NeighborWorks Capital’s customers are NWOs in the real estate development line of business and aligns with NeighborWorks America’s strategic goals of production, preservation and provision of capital. Based on those goals NC has developed core and expanded loan products - from Predevelopment through Mini-Perm. NC’s products provide flexible and affordable capital to NeighborWorks members by financing pre-development costs, acquisition of land and buildings, construction, rehabilitation, and preservation of NWO-owned rental properties that undertake property improvements that include green and energy saving components. NC does not offer long-term permanent financing as this is typically available locally and nationally by financial institutions. Distri­buted across all 50 states, the NeighborWorks® network includes a diverse array of nonprofit, mission-driven organizations engaged in real estate develop­ment, economic development, neighborhood revitalization, and community services in urban, suburban and rural communities across the United States.

Our Mission:

NeighborWorks Capital was created with the decision by NeighborWorks America top support its network with early-stage loan capital to facilitate local community development projects, originally for rental projects as part of the Multifamily Initiative (MFI).