Debt Financing Terms
NEF Mortgage Corporation's sole function is to assist sponsors in obtaining competitive debt financing on projects where NEF, Inc. is providing tax credit equity. There are three ways NEF MAC can do this:
- Arranging standardized national construction lending programs with a number of large banks that are also NEF, Inc. investors.
- Through NEF MAC's permanent lending programs, which include GSEs (Fannie Mae and Freddie Mac), FHA, life companies and others for loans in excess of $2.5 million and Community Development Trust (CDT) for those below $2.5 million. NEF MAC is approved to underwrite and sell loans to CDT.
- Through a refinancing program for existing projects. Reference the general term guidelines, but call or e-mail to see if more favorable terms are available.
Featured Developer
EAH, Inc.
Established in 1968, EAH now serves over 18,000 seniors, families, students, people with disabilities, frail elderly and the formerly homeless. Combining award winning design, innovative on-site services and a commitment to people, EAH, Inc. has built 15 projects with NEF, Inc. equity, including the $34 million Dublin Transit Center in Dublin, California (above).
Read more about our featured developer.
NEF has invested $7.5 billion of equity that has helped build 109,000 homes in 1,800 projects across America.
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