Affordable Housing & Commercial Facilities

Seedco Financial offers mid-level commercial and facilities development loans to nonprofit community-based lending organizations, human services nonprofit organizations and developers to benefit our targeted low-income communities and their residents. These loans range from $200,000 to $1.5 million. On average, our standard loan terms are 5 to 7 years with a 6-8% interest rate.

Financial Products

Short term loans for affordable housing and commercial facilities may be used for acquisition, rehabilitation, or new construction of commercial, residential, or mixed use projects. Eligible residential projects include affordable multi-family and special needs housing. Eligible commercial and mixed use properties must be structured within low -to moderate- income census tracts and support the economic development needs of the local community. Loan terms range from 2 to 5 years. Pricing is set on a project by project basis in accordance with a pre-established pricing model.
Permanent loans can be used for affordable multi family and special needs housing. Permanent loan financing also can be used by for profit or nonprofit developers working on commercial or mixed use projects in low- to moderate income areas. Loans terms range from 15 to 30 years with a maximum 30 year amortization period. Pricing is set on a project by project basis in accordance with a pre-established pricing model.

Examples

Capitalization of a micro loan fund of a minority-serving CDFI in Memphis
A line of credit for nonprofit housing developers in Birmingham
Development of an environmentally friendly, mixed income residential and commercial project in an economically distressed community in Denver.

Interested in a mid-level commercial and facilities loan? Find your community in Regional Offices.