Predevelopment Loan

Terms subject to change. All loans are subject to underwriting and Loan Committee and / or Board approval.

For more information: John Maneval - Director of Lending Phone: 240.821.1651 x 204 or 301.789.6856 Email: jmaneval@neighborworkscapital.org

w w w . n e i g h b o r w o r k s c a p i t a l . o r g

Uses Third-party due diligence, deposits, loan interest, fees and other predevelopment costs

Types of Properties Residential rental, commercial, mixed-use, and for-sale

Loan Amount $100,000 to $400,000

Term Up to 36 months

Interest Rate 4.5%fixed

Repayment Schedule •Interestonly,payablequarterly •Principaldueatearlierofprojectfinancingormaturitydate •Noprepaymentpenalty

Collateral •Unsecured,recourseto,orguarantyby,NeighborWorksorganization

Fees •1%ofloanamount;halfpayableatcommitment,balancedueatclosing •Third-partyfees,includinglender’slegalexpenses,ifany •Feesmaybecapitalized

Subordination N/A

Recent Examples neighborworkscapital.org/impact