Commercial Lending in the Community
Appalachia has a large need for infrastructure so Fahe’s Community Lending department offers several types of loans to enable its partners to initiate and complete various community development projects.
While many of our loans finance housing development, the Community Lending Team has financed several other community-focused projects such as daycare centers and coffee shops. The most common loan use is for construction, but Fahe also lends towards land acquisition, purchase of equipment, or other operating expenses. We also provide bridge financing on tax credit deals.
Fahe’s Community Lending Products
Loan amounts from $25,000 to $5 million depending on purpose.**
|Purpose||Provides funding for costs such as reservation fee, market study, Phase 1 environmental, engineering and design fees, professional fees, etc.||To pay purchase price and closing costs for real property acquisition||To pay hard and soft costs of construction of new or renovation projects||To provide longer term financing for projects requiring stabilization or interim financing||To bridge the timing gap between the project or program costs and receipt of cash from committed or anticipated sources||To provide flexible capital to meet organizational, seasonal or cyclical cash needs|
|Project Type||Rental housing; for-sale housing, mixed-use projects; health facilities||Acquisition of real property for future development as affordable for-sale S/F, multi-family rental, mixed-use, or healthcare||Rental housing; for sale housing, mixed-use projects; health facilities||Rental housing; for-sale housing, mixed-use projects; health facilities||Rental housing; for-sale housing, mixed-use projects; health facilities; services provided under reimbursement contract or grant||Rental housing; for-sale housing, mixed-use projects; health facilities; general operational needs|
Terms subject to change. All loans are subject to underwriting and credit approval.
**Loans over $5 million are possible and typically require participation by other lenders.
Contact Us Today
For more information on Fahe’s loan products, contact David Howard, Fahe’s SVP of Lending and Equity Investments, at firstname.lastname@example.org or 502.438.0833.