points of impact from neighborworks capital october 2014

6
10/21/2014 Points of Impact from NeighborWorks Capital - October 2014 http://us2.campaign-archive2.com/?u=7a3d73beb1409669ff3304037&id=a049eccee6&e=[UNIQID] 1/6 NEWSLETTER FROM NEIGHBORWORKS CAPITAL | OCTOBER 2014 View this email in your browser In this issue: The NeighborWorks Capital Team has been Working Hard on its Annual Goals N C is Pleased to Share its New Aeris Rating N C Partners with Deutsche Bank CDFI Fund Supports NC's Lending Priorities with $1.2 Million Award Customers in the News Board Members in the News Recent NC Loans The NeighborWorks Capital Team has been Working Hard on its Annual Goals Over $32.75 million in loans closed and committed for affordable rental, for-sale, commercial and mixed-use projects Over 1200 units of affordable rental and for-sale homes, and 61,000 square feet of commercial space in over 30 projects 7 new NeighborWorks customers $214 million leveraged (6.53:1 leverage) $27.5 million in new and renewed debt and equity capital raised Maintained sustainability of over 100% Subscribe Share Past Issues Translate

Upload: neighborworks-capital

Post on 05-Apr-2016

220 views

Category:

Documents


7 download

DESCRIPTION

http://neighborworkscapital.org/sites/default/files/publications/points_of_impact_from_neighborworks_capital_-_october_2014.pdf

TRANSCRIPT

Page 1: Points of impact from neighborworks capital october 2014

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 16

NEWSLETTER FROM NEIGHBORWORKS CAPITAL | OCTOBER 2014 View this email in your browser

In this issue

The NeighborWorks Capital Team has been Working Hard on its Annual Goals NC is Pleased to Share its New Aeris Rating NC Partners with Deutsche Bank CDFI Fund Supports NCs Lending Priorities with $12 Million Award Customers in the News Board Members in the News Recent NC Loans

The NeighborWorks Capital Team has been Working Hard on its Annual Goals

Over $3275 million in loans closed and committed for affordable rental for-sale commercial and mixed-use projects

Over 1200 units of affordable rental and for-sale homes and 61000 square feet of commercial space in over 30 projects

7 new NeighborWorks customers $214 million leveraged (6531 leverage) $275 million in new and renewed debt and equity capital raised Maintained sustainability of over 100

Subscribe Share Past Issues Translate

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 26

NC is Pleased to Share its New Aeris Rating

In September NeighborWorks Capital received its new ratingfrom Aeris (formerly CARS Inc) This proprietary CDFI

assessment toolmdashCARSreg the CDFI Assessment and RatingsSystemmdash helps investors evaluate opportunities that meet theirimpact goals and risk parameters NC was rated for

Impact Performance AANC has clear alignment of mission strategies activities and data that guides itsprograms and planning It accurately tracks appropriate output data that indicate that it isusing its resources effectively to benefit it NeighborWorks organizations

Financial Strength and Performance 2NC exhibits solid financial strength performance and risk management practices relativeto its size complexity and risk profile The CDFI is stable and is capable of withstandingfluctuations in its operating environment We are very pleased with this rating and believe it will be an important contributor to NCrsquoscontinued capital growth Website httpwwwaerisinsightcom

NC Partners with Deutsche Bank

Deutsche Bank is a leading global bank andCDFI investor focused on communitydevelopment affordable housing and communityrevitalization The bank recently closed a $5million line of credit with NC for our interim andmini-perm lending program

Website httpswwwdeutsche-bankdeindexhtm

CDFI Fund Supports NCs Lending Priorities with

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 36

$12 Million Award

In September NC was awarded $12 million from theUS Treasuryrsquos CDFI Fund for the Fiscal 2014round of the Financial Assistance program Totalfunding was $1406 million in awards to 93 CDFIsFor the FY 2014 round a total of 207 CDFIapplications were received requesting more than

$335 million

We believe that NC was part of the 45 of applicants who were awarded funding due tothe strong loan demand by the NeighborWorks network for NCrsquos products and our strongdeployment record This is NCrsquos fourth award in the past five years totaling $47 million inequity capital from the Fund

Website httpwwwcdfifundgov

Customers in the News

NC wants to recognize the work of a CDFIpartner New Jersey Community Capital(NJCC) We are pleased to collaborate withthem in support of important communitylending needs NJCC is awarded the 2014Wells Fargo NEXT Awards for Opportunity

Finance and will receive $225 million to expand ReStart its groundbreaking initiative toprevent foreclosures rehabilitate vacant homes and stabilize communities

Website httpwwwnewjerseycommunitycapitalorgnode271

Board Members in the News

Kristin Faust ndash Congratulations to Kristin in her new position asExecutive Director of NHS of Chicago While she has changedCDFIs and cities she remains on NCrsquos board and finance committee

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 46

Michael Carroll ndash Congratulations to Michael and RCAC for their recentNEXT Opportunity Award of $2 million from Wells Fargo Bank for itsDevelopment Solutions Initiative to boost development of affordablerental housing in underserved rural and Native communities in 13western states

Recent NC Loans We thank the following NWOs for their recent business

Customer Profile South County HousingProject Connell Apartments Skeels Hotel and Ford Apartments This is NCrsquos fourth loan to South County This $3410000 mini-permanent loan wasused to refinance three multifamily rental properties owned by South County ConnellApartments Skeels Hotel and Ford Apartments Prior to NCrsquos involvement the propertieswere subject to a single ldquoblanketrdquo mortgage from a regional bank South Countyapproached NC to secure individual property financing to repay the existing loan NCprovided a separate mini-permanent loan for each property with term of 7 years 30year amortization and interest rate of 575

Connell Apartments includes a total of 28 units ofaffordable rental housing located in Gilroy SantaClara County CA

Skeels Hotel includes a total of 13 units ofaffordable rental housing and over 4000 squarefeet of commercial space currently occupied by arestaurant located in the City of Morgan HillSanta Clara County CA

Ford Apartments includes a total of 10 units of affordable rental housing located inWatsonville Santa Cruz County CA

Website httpwwwscountyorg

Customer Profile NOAHProject Coppersmith Village

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 56

This is NCrsquos fourth loan with Neighborhood ofAffordable Housing (NOAH) This $1200000interim development loan will be used forpredevelopment and pre-construction expensesrelated to Coppersmith Village a proposedmixed-use mixed-income project composed of56 rental apartments and 15 for-sale townhomesas well as retail space located in East Boston

MA

NCrsquos loan will provide NOAH with the capital necessary to cover the significant expensesassociated with undertaking a complex mixed-use project involving multiple layers ofpublic and private financing in the Commonwealth of Massachusetts Website httpnoahcdcorg

Customer Profile Charlotte Mecklenburg Housing PartnershipProject Weddington Road Apartments

This is NCrsquos eighth loan with Charlotte MecklenburgHousing Partnership aka The Housing Partnership(CMHP) This $400000 predevelopment loan wasused for predevelopment expenses associated withthe development of Weddington Apartments aproposed 70-unit affordable rental housingdevelopment in Charlotte NC

CMHP founded in 1988 has been a NeighborWorks Americareg (NWA) member since1997 The Partnership has fulfilled its mission through neighborhood revitalizationhomeownership services and the creation of over 2000 affordable rental housing units Website wwwcmhporg

PARTNER WITH NEIGHBORWORKS CAPITAL

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 66

Is your organization in need of quick flexible capital to undertake a real estate

transaction that benefits your community NeighborWorks Capital could be yourfinancing solution

Please contact

NCrsquos Director of LendingJohn Maneval

Email jmanevalneighborworkscapitalorgor call 240-821-1651 ext 204 or 301-789-6856

Visit us at wwwneighborworkscapitalorg

Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910

Add us to your address bookunsubscribe from this list update subscription preferences

Forward to Friend

Page 2: Points of impact from neighborworks capital october 2014

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 26

NC is Pleased to Share its New Aeris Rating

In September NeighborWorks Capital received its new ratingfrom Aeris (formerly CARS Inc) This proprietary CDFI

assessment toolmdashCARSreg the CDFI Assessment and RatingsSystemmdash helps investors evaluate opportunities that meet theirimpact goals and risk parameters NC was rated for

Impact Performance AANC has clear alignment of mission strategies activities and data that guides itsprograms and planning It accurately tracks appropriate output data that indicate that it isusing its resources effectively to benefit it NeighborWorks organizations

Financial Strength and Performance 2NC exhibits solid financial strength performance and risk management practices relativeto its size complexity and risk profile The CDFI is stable and is capable of withstandingfluctuations in its operating environment We are very pleased with this rating and believe it will be an important contributor to NCrsquoscontinued capital growth Website httpwwwaerisinsightcom

NC Partners with Deutsche Bank

Deutsche Bank is a leading global bank andCDFI investor focused on communitydevelopment affordable housing and communityrevitalization The bank recently closed a $5million line of credit with NC for our interim andmini-perm lending program

Website httpswwwdeutsche-bankdeindexhtm

CDFI Fund Supports NCs Lending Priorities with

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 36

$12 Million Award

In September NC was awarded $12 million from theUS Treasuryrsquos CDFI Fund for the Fiscal 2014round of the Financial Assistance program Totalfunding was $1406 million in awards to 93 CDFIsFor the FY 2014 round a total of 207 CDFIapplications were received requesting more than

$335 million

We believe that NC was part of the 45 of applicants who were awarded funding due tothe strong loan demand by the NeighborWorks network for NCrsquos products and our strongdeployment record This is NCrsquos fourth award in the past five years totaling $47 million inequity capital from the Fund

Website httpwwwcdfifundgov

Customers in the News

NC wants to recognize the work of a CDFIpartner New Jersey Community Capital(NJCC) We are pleased to collaborate withthem in support of important communitylending needs NJCC is awarded the 2014Wells Fargo NEXT Awards for Opportunity

Finance and will receive $225 million to expand ReStart its groundbreaking initiative toprevent foreclosures rehabilitate vacant homes and stabilize communities

Website httpwwwnewjerseycommunitycapitalorgnode271

Board Members in the News

Kristin Faust ndash Congratulations to Kristin in her new position asExecutive Director of NHS of Chicago While she has changedCDFIs and cities she remains on NCrsquos board and finance committee

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 46

Michael Carroll ndash Congratulations to Michael and RCAC for their recentNEXT Opportunity Award of $2 million from Wells Fargo Bank for itsDevelopment Solutions Initiative to boost development of affordablerental housing in underserved rural and Native communities in 13western states

Recent NC Loans We thank the following NWOs for their recent business

Customer Profile South County HousingProject Connell Apartments Skeels Hotel and Ford Apartments This is NCrsquos fourth loan to South County This $3410000 mini-permanent loan wasused to refinance three multifamily rental properties owned by South County ConnellApartments Skeels Hotel and Ford Apartments Prior to NCrsquos involvement the propertieswere subject to a single ldquoblanketrdquo mortgage from a regional bank South Countyapproached NC to secure individual property financing to repay the existing loan NCprovided a separate mini-permanent loan for each property with term of 7 years 30year amortization and interest rate of 575

Connell Apartments includes a total of 28 units ofaffordable rental housing located in Gilroy SantaClara County CA

Skeels Hotel includes a total of 13 units ofaffordable rental housing and over 4000 squarefeet of commercial space currently occupied by arestaurant located in the City of Morgan HillSanta Clara County CA

Ford Apartments includes a total of 10 units of affordable rental housing located inWatsonville Santa Cruz County CA

Website httpwwwscountyorg

Customer Profile NOAHProject Coppersmith Village

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 56

This is NCrsquos fourth loan with Neighborhood ofAffordable Housing (NOAH) This $1200000interim development loan will be used forpredevelopment and pre-construction expensesrelated to Coppersmith Village a proposedmixed-use mixed-income project composed of56 rental apartments and 15 for-sale townhomesas well as retail space located in East Boston

MA

NCrsquos loan will provide NOAH with the capital necessary to cover the significant expensesassociated with undertaking a complex mixed-use project involving multiple layers ofpublic and private financing in the Commonwealth of Massachusetts Website httpnoahcdcorg

Customer Profile Charlotte Mecklenburg Housing PartnershipProject Weddington Road Apartments

This is NCrsquos eighth loan with Charlotte MecklenburgHousing Partnership aka The Housing Partnership(CMHP) This $400000 predevelopment loan wasused for predevelopment expenses associated withthe development of Weddington Apartments aproposed 70-unit affordable rental housingdevelopment in Charlotte NC

CMHP founded in 1988 has been a NeighborWorks Americareg (NWA) member since1997 The Partnership has fulfilled its mission through neighborhood revitalizationhomeownership services and the creation of over 2000 affordable rental housing units Website wwwcmhporg

PARTNER WITH NEIGHBORWORKS CAPITAL

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 66

Is your organization in need of quick flexible capital to undertake a real estate

transaction that benefits your community NeighborWorks Capital could be yourfinancing solution

Please contact

NCrsquos Director of LendingJohn Maneval

Email jmanevalneighborworkscapitalorgor call 240-821-1651 ext 204 or 301-789-6856

Visit us at wwwneighborworkscapitalorg

Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910

Add us to your address bookunsubscribe from this list update subscription preferences

Forward to Friend

Page 3: Points of impact from neighborworks capital october 2014

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 36

$12 Million Award

In September NC was awarded $12 million from theUS Treasuryrsquos CDFI Fund for the Fiscal 2014round of the Financial Assistance program Totalfunding was $1406 million in awards to 93 CDFIsFor the FY 2014 round a total of 207 CDFIapplications were received requesting more than

$335 million

We believe that NC was part of the 45 of applicants who were awarded funding due tothe strong loan demand by the NeighborWorks network for NCrsquos products and our strongdeployment record This is NCrsquos fourth award in the past five years totaling $47 million inequity capital from the Fund

Website httpwwwcdfifundgov

Customers in the News

NC wants to recognize the work of a CDFIpartner New Jersey Community Capital(NJCC) We are pleased to collaborate withthem in support of important communitylending needs NJCC is awarded the 2014Wells Fargo NEXT Awards for Opportunity

Finance and will receive $225 million to expand ReStart its groundbreaking initiative toprevent foreclosures rehabilitate vacant homes and stabilize communities

Website httpwwwnewjerseycommunitycapitalorgnode271

Board Members in the News

Kristin Faust ndash Congratulations to Kristin in her new position asExecutive Director of NHS of Chicago While she has changedCDFIs and cities she remains on NCrsquos board and finance committee

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 46

Michael Carroll ndash Congratulations to Michael and RCAC for their recentNEXT Opportunity Award of $2 million from Wells Fargo Bank for itsDevelopment Solutions Initiative to boost development of affordablerental housing in underserved rural and Native communities in 13western states

Recent NC Loans We thank the following NWOs for their recent business

Customer Profile South County HousingProject Connell Apartments Skeels Hotel and Ford Apartments This is NCrsquos fourth loan to South County This $3410000 mini-permanent loan wasused to refinance three multifamily rental properties owned by South County ConnellApartments Skeels Hotel and Ford Apartments Prior to NCrsquos involvement the propertieswere subject to a single ldquoblanketrdquo mortgage from a regional bank South Countyapproached NC to secure individual property financing to repay the existing loan NCprovided a separate mini-permanent loan for each property with term of 7 years 30year amortization and interest rate of 575

Connell Apartments includes a total of 28 units ofaffordable rental housing located in Gilroy SantaClara County CA

Skeels Hotel includes a total of 13 units ofaffordable rental housing and over 4000 squarefeet of commercial space currently occupied by arestaurant located in the City of Morgan HillSanta Clara County CA

Ford Apartments includes a total of 10 units of affordable rental housing located inWatsonville Santa Cruz County CA

Website httpwwwscountyorg

Customer Profile NOAHProject Coppersmith Village

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 56

This is NCrsquos fourth loan with Neighborhood ofAffordable Housing (NOAH) This $1200000interim development loan will be used forpredevelopment and pre-construction expensesrelated to Coppersmith Village a proposedmixed-use mixed-income project composed of56 rental apartments and 15 for-sale townhomesas well as retail space located in East Boston

MA

NCrsquos loan will provide NOAH with the capital necessary to cover the significant expensesassociated with undertaking a complex mixed-use project involving multiple layers ofpublic and private financing in the Commonwealth of Massachusetts Website httpnoahcdcorg

Customer Profile Charlotte Mecklenburg Housing PartnershipProject Weddington Road Apartments

This is NCrsquos eighth loan with Charlotte MecklenburgHousing Partnership aka The Housing Partnership(CMHP) This $400000 predevelopment loan wasused for predevelopment expenses associated withthe development of Weddington Apartments aproposed 70-unit affordable rental housingdevelopment in Charlotte NC

CMHP founded in 1988 has been a NeighborWorks Americareg (NWA) member since1997 The Partnership has fulfilled its mission through neighborhood revitalizationhomeownership services and the creation of over 2000 affordable rental housing units Website wwwcmhporg

PARTNER WITH NEIGHBORWORKS CAPITAL

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 66

Is your organization in need of quick flexible capital to undertake a real estate

transaction that benefits your community NeighborWorks Capital could be yourfinancing solution

Please contact

NCrsquos Director of LendingJohn Maneval

Email jmanevalneighborworkscapitalorgor call 240-821-1651 ext 204 or 301-789-6856

Visit us at wwwneighborworkscapitalorg

Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910

Add us to your address bookunsubscribe from this list update subscription preferences

Forward to Friend

Page 4: Points of impact from neighborworks capital october 2014

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 46

Michael Carroll ndash Congratulations to Michael and RCAC for their recentNEXT Opportunity Award of $2 million from Wells Fargo Bank for itsDevelopment Solutions Initiative to boost development of affordablerental housing in underserved rural and Native communities in 13western states

Recent NC Loans We thank the following NWOs for their recent business

Customer Profile South County HousingProject Connell Apartments Skeels Hotel and Ford Apartments This is NCrsquos fourth loan to South County This $3410000 mini-permanent loan wasused to refinance three multifamily rental properties owned by South County ConnellApartments Skeels Hotel and Ford Apartments Prior to NCrsquos involvement the propertieswere subject to a single ldquoblanketrdquo mortgage from a regional bank South Countyapproached NC to secure individual property financing to repay the existing loan NCprovided a separate mini-permanent loan for each property with term of 7 years 30year amortization and interest rate of 575

Connell Apartments includes a total of 28 units ofaffordable rental housing located in Gilroy SantaClara County CA

Skeels Hotel includes a total of 13 units ofaffordable rental housing and over 4000 squarefeet of commercial space currently occupied by arestaurant located in the City of Morgan HillSanta Clara County CA

Ford Apartments includes a total of 10 units of affordable rental housing located inWatsonville Santa Cruz County CA

Website httpwwwscountyorg

Customer Profile NOAHProject Coppersmith Village

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 56

This is NCrsquos fourth loan with Neighborhood ofAffordable Housing (NOAH) This $1200000interim development loan will be used forpredevelopment and pre-construction expensesrelated to Coppersmith Village a proposedmixed-use mixed-income project composed of56 rental apartments and 15 for-sale townhomesas well as retail space located in East Boston

MA

NCrsquos loan will provide NOAH with the capital necessary to cover the significant expensesassociated with undertaking a complex mixed-use project involving multiple layers ofpublic and private financing in the Commonwealth of Massachusetts Website httpnoahcdcorg

Customer Profile Charlotte Mecklenburg Housing PartnershipProject Weddington Road Apartments

This is NCrsquos eighth loan with Charlotte MecklenburgHousing Partnership aka The Housing Partnership(CMHP) This $400000 predevelopment loan wasused for predevelopment expenses associated withthe development of Weddington Apartments aproposed 70-unit affordable rental housingdevelopment in Charlotte NC

CMHP founded in 1988 has been a NeighborWorks Americareg (NWA) member since1997 The Partnership has fulfilled its mission through neighborhood revitalizationhomeownership services and the creation of over 2000 affordable rental housing units Website wwwcmhporg

PARTNER WITH NEIGHBORWORKS CAPITAL

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 66

Is your organization in need of quick flexible capital to undertake a real estate

transaction that benefits your community NeighborWorks Capital could be yourfinancing solution

Please contact

NCrsquos Director of LendingJohn Maneval

Email jmanevalneighborworkscapitalorgor call 240-821-1651 ext 204 or 301-789-6856

Visit us at wwwneighborworkscapitalorg

Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910

Add us to your address bookunsubscribe from this list update subscription preferences

Forward to Friend

Page 5: Points of impact from neighborworks capital october 2014

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 56

This is NCrsquos fourth loan with Neighborhood ofAffordable Housing (NOAH) This $1200000interim development loan will be used forpredevelopment and pre-construction expensesrelated to Coppersmith Village a proposedmixed-use mixed-income project composed of56 rental apartments and 15 for-sale townhomesas well as retail space located in East Boston

MA

NCrsquos loan will provide NOAH with the capital necessary to cover the significant expensesassociated with undertaking a complex mixed-use project involving multiple layers ofpublic and private financing in the Commonwealth of Massachusetts Website httpnoahcdcorg

Customer Profile Charlotte Mecklenburg Housing PartnershipProject Weddington Road Apartments

This is NCrsquos eighth loan with Charlotte MecklenburgHousing Partnership aka The Housing Partnership(CMHP) This $400000 predevelopment loan wasused for predevelopment expenses associated withthe development of Weddington Apartments aproposed 70-unit affordable rental housingdevelopment in Charlotte NC

CMHP founded in 1988 has been a NeighborWorks Americareg (NWA) member since1997 The Partnership has fulfilled its mission through neighborhood revitalizationhomeownership services and the creation of over 2000 affordable rental housing units Website wwwcmhporg

PARTNER WITH NEIGHBORWORKS CAPITAL

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 66

Is your organization in need of quick flexible capital to undertake a real estate

transaction that benefits your community NeighborWorks Capital could be yourfinancing solution

Please contact

NCrsquos Director of LendingJohn Maneval

Email jmanevalneighborworkscapitalorgor call 240-821-1651 ext 204 or 301-789-6856

Visit us at wwwneighborworkscapitalorg

Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910

Add us to your address bookunsubscribe from this list update subscription preferences

Forward to Friend

Page 6: Points of impact from neighborworks capital october 2014

10212014 Points of Impact from NeighborWorks Capital - October 2014

httpus2campaign-archive2comu=7a3d73beb1409669ff3304037ampid=a049eccee6ampe=[UNIQID] 66

Is your organization in need of quick flexible capital to undertake a real estate

transaction that benefits your community NeighborWorks Capital could be yourfinancing solution

Please contact

NCrsquos Director of LendingJohn Maneval

Email jmanevalneighborworkscapitalorgor call 240-821-1651 ext 204 or 301-789-6856

Visit us at wwwneighborworkscapitalorg

Our mailing address isNeighborWorks Capital8484 Georgia Avenue Suite 330Silver Spring MD 20910

Add us to your address bookunsubscribe from this list update subscription preferences

Forward to Friend