Enterprise loaned almost $138 million to community development organizations throughout Southern California to build over 6,200 affordable homes.
Loan terms are generally two years or less and Enterprise usually requires other sources of financing to be committed prior to the actual funding or disbursement of the loan. Interest rates are typically 7 percent, but may be higher depending upon specific circumstances, with fees of 2 percent of the loan amount due at closing. There is a $500 application fee, credited towards the origination fee at closing.
Loans products available:
- Predevelopment Loans
- Acquisition Loans
- Construction and Rehabilitation Loans
- Project-Based Lines of Credit
- Working Capital Lines of Credit
- Section 4 Early Predevelopment Loans
- Green Communities Acquisition and Predevelopment Loans
- Equity Bridge Loans for Low-Income Housing Tax Credit Projects
- Community Facilities Loans
- Green Communities loans increase the capacity of affordable housing developers to create housing that delivered tangible health, economic and environmental benefits to low-income families and communities.
- Enterprise Partners Growth Fund offers long-term operating capital for our most experienced and successful partners.
Jacqueline Waggoner
315 W. Ninth Street, Suite 801
Los Angeles, CA 90015
Phone 213.833.7988
Fax 213.833.7989
Email Jacqueline
Donate now through Network for Good or learn about other ways to become involved with Enterprise.
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