{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Affordable Housing & Real Estate Investing","title":"How to secure unsecured pre-development loans: 5.5-6& Interest for Qualified Nonprofit Developers?!","html":"","width":"100%","height":180,"duration":2611,"description":"On the Affordable Housing & Real Estate Investing Podcast, the best podcast for affordable housing investments hosted by Kent Fai He, Kent sits down with Sean Doss, Director of Loan Originations and Business Development at Nonprofit Finance Fund, a national CDFI that has deployed over $1.7 billion to nonprofits and affordable housing developers over 45 years.This episode breaks down how CDFIs fill the financing gap that commercial banks can't touch. Sean explains the APSH (Accelerating Permanent Supportive Housing) Loan Fund: a 3-year, unsecured, enterprise-level working capital loan at 5.5-6% that lets nonprofit developers manage an entire project pipeline instead of waiting on one grant at a time. He also covers what NFF actually looks for when underwriting a borrower, how an emerging developer secured a $2 million unsecured loan, and why a single affordable housing project can end up with 13 separate funders on one call.Common Questions This Podcast Episode Answers:What is a CDFI and how does it fund affordable housing development?A CDFI (Community Development Financial Institution) is a specialized lender serving nonprofits and low-income communities. Organizations like Nonprofit Finance Fund receive capital from commercial banks through Community Reinvestment Act (CRA) requirements and redeploy it as below-market loans to affordable housing developers. Why don't commercial banks lend directly to affordable housing nonprofits?Commercial banks lack the expertise to underwrite nonprofits that rely on public funding streams, LIHTC allocations, and government grants. CDFIs specialize in understanding housing policy, public subsidy structures, and nonprofit cash flow, making them the right lender for this borrower type.What is the APSH Loan Fund for nonprofit affordable housing developers?The APSH (Accelerating Permanent Supportive Housing) Loan Fund is a 3-year, unsecured, enterprise-level working capital loan from Nonprofit Finance Fund. Developers can use it...","thumbnail_url":"https://img.transistorcdn.com/xDB8QhkLtarSR6cPw7Foe38b-OmGTS01-PZeGTtWOaw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQ2NDA2LzE2OTg0/NTU1NDQtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}