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Partners and Opportunity Finance Network have partnered to create the a syndicated lending fund to support primarily smaller and medium sized CDFIs that have difficulty efficiently accessing sufficient capital for larger transactions. Using the fund, CDFIs can provide flexible loans of up to $6 million for affordable housing and community facilities projects across the country.
Project loan amount: Up to $6 million Term: Up to 6 years Allowable uses: Acquisition, construction, and mini-permanent loans for affordable housing and community facilities supporting low- to moderate-income communities.
Fund owners: Partners and OFN are co-owners of the fund, with Partners serving as the contract underwriter, loan servicer, and fund manager. Investors include commercial banks, large CDFIs, and other financing institutions.
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Projects Financed
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Housing Units
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Affordable Housing
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Commercial Real Estate Development
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Community Facility Development & Preservation
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students
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