Real Estate Lending
Seedco Financial offers loans to persons or businesses looking to acquire, develop, and/or rehabilitate real estate in predominantly low- and moderate-income communities. These types of projects might include, but are not limited to:
- Affordable and supportive housing
- Community facilities
- Commercial/retail/mixed-use development
The revitalization efforts made through projects such as these can greatly improve living conditions as well as promote increased involvement, opportunity, and a sense of community in underserved neighborhoods.
Real estate loan sizes range from $50,000 to $1.5 million and are available with terms of up to 10 years.
Ready to apply?
Questions? Not sure if you qualify? Please complete our Loan Inquiry Form or contact us at: SFSInfo@seedco.org or call us toll-free at: 877.296.8878.
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Operating History |
At least five years of operations |
|---|---|
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Historical Revenue/Budget |
N/A |
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Community/Economic Development Impact |
Eligible projects include: Affordable and supportive housing Community facilities Mixed‐use facilities in targeted low- or moderate-income communities |
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Other Requirements: |
Proof of all required and valid licenses and/or permits to operate in local jurisdiction |
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Loan Type |
Acquisition loans and construction lines of credit; mini‐permanent term loans |
|---|---|
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Eligible Uses |
Predevelopment (not‐for-profits only), acquisition, construction, mini-permanent financing |
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Loan Size |
$50,000–$1,500,000 |
|
Loan Term |
12–120 months |
|
Interest Rate |
6–10% |
|
Application Fee |
0.1% of loan request |
|
Closing Fee |
3.00% – 3.50% of loan amount |
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Standard Collateral Requirements |
1st, co‐equal or 2nd position mortgage or deed of trust |
|
Guaranty |
Personal guaranty required from all principals owning 20% or more |
