For land and building acquisition, predevelopment costs and critical repairs.

Project Types

  • Charter schools
  • Community health facilities
  • Nonprofit service or office space

Eligible Borrowers

  • Nonprofit organizations
  • Limited partnerships and single asset entities with nonprofit sponsors
  • Mission aligned for profit entities

Loan Amount

$500,000 to $3,000,000


Up to seven years; 25-year amortization

Interest Rate

Fixed and variable interest rate options available (variable rates based on LIBOR). Check for current interest rates.


Up to 2% of loan amount; half payable at commitment, balance due at closing. Borrower is responsible for payment of legal fees and all third party costs including appraisal, Phase I, etc., if applicable.


  • 1st lien deed of trust on real estate
  • Other collateral as appropriate


80% Loan-to-value based on “as is” appraised value

Debt Service Coverage Ratio

Minimum 1.20x (ratio subject to potential takeout financing available)


  • Interest only or amortizing payment, payable monthly
  • Principal due at earlier of permanent financing or maturity date
  • In some cases the loan will be structured with a principal and interest payment, payable monthly
  • No prepayment penalty


Loans will have full recourse to the borrower and guaranty from project sponsor, if applicable.

For more information, contact Noni Ramos at 415.395.0956.


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