NewPoint Impact provides financing for the new construction or acquisition/rehabilitation of affordable rental housing, while Fannie Mae writes an unfunded forward commitment to provide the permanent financing pursuant to its M.TEB program.
NewPoint Impact provides 4% Tax-Exempt Bond Financing for the new construction or acquisition/rehabilitation and permanent financing of affordable rental housing in conjunction with the 4% LIHTC program.
Provides lower pricing to finance affordable properties with health-promoting design and operational features. Health-promoting design and operational features include playgrounds, fitness equipment, tobacco-free environments, green spaces, and more
Provides lower pricing to finance affordable properties with enhanced resident services that improve the health and stability of their residents. Enhanced Resident Services include health and wellness services, work and financial capability support, and more.
Offers flexible, multiple terms for a variety of housing property types — independent living properties, assisted living properties, memory care properties and senior properties with a limited amount of skilled nursing.
Additional financing placed at least 12 months after origination of the first loan or the most recent prior supplemental loan gives borrowers access to additional capital at a cost lower than refinancing.
Offers a 30 year Mortgage Loan, comprised of an initial term where interest accrues at a fixed rate, after which it automatically converts to accrue interest at an adjustable rate for the remaining term.
Flexible financing, competitive pricing, certainty, and speed of execution, manufactured housing community (MHC) loans provide an affordable housing option for underserved populations, particularly in rural and non-metro areas across the country, where MHCs are an important, and sometimes only, source of affordable housing.
Financing options for properties owned by a Cooperative Organization, which is a corporation or other legal entity where each shareholder or equity owner is granted the right to occupy a unit in a multifamily residential property under a proprietary lease or occupancy agreement.
Highly flexible, nonrecourse, 5-year interest-only real estate secured line of credit tailored to meet your specific needs, from short-term repositioning of transitional assets to portfolio acquisitions.
Three variable rate financing options for Multifamily Affordable Properties: the ARM 7/6™ Loan, the Structured ARM (SARM) Loan, and the ARM 5/5 Loan, each of which offers a fixed rate conversion feature.
Offers an unfunded forward commitment to issue an MBS upon completion of construction and conversion to a permanent mortgage loan for multifamily affordable properties. The MBS as Collateral for Tax-exempt Bonds (M.TEB) execution is an available option for 4% LIHTC transactions.
Provides the capital needed to renovate your property at the lowest cost possible. During renovation, the loan can be an interest-only floating-rate debt, and loan proceeds are advanced monthly as requested rather than accruing interest on unused funds.
Fannie Mae Multifamily offers Sponsor-Initiated Affordability (SIA), a product initiative that provides better pricing and underwriting flexibility to incentivize the voluntary creation or preservation of units.