Robert E.
Community Housing Developer Small affordable housing deals can fall into an awkward middle ground. Our project was too complicated for a standard construction loan but too small for many institutional…
INVESTORS
Posts tagged with "INVESTORS".
Vanessa C.
Nonprofit Developer BANKIRR did more than send our project to lenders. They helped us understand what each lender was actually concerned about and what needed to be documented. By the…
Marcus J.
Single-Family Affordable Housing Developer The challenge was not whether the homes would sell. We already had an affordable homeownership program and a clear takeout strategy. The challenge was financing construction…
Sharon T.
Faith-Based Housing Organization Our organization had the land and the mission but needed someone who could translate the project into a financing request lenders would understand. BANKIRR helped us separate…
Calvin M.
Emerging Developer I had a viable project but not the kind of personal liquidity the banks wanted to see. BANKIRR helped us present the CDFI line of credit, contractor resources,…
Patricia L.
Executive Director, Housing Focused Nonprofit We are a nonprofit, so our balance sheet does not look like a conventional real estate developer. BANKIRR helped explain the strength of the project…
Terrence B.
Affordable Housing Developer We had spent months talking to lenders who said they did construction loans, but once they saw the subordinate public debt the answer changed. BANKIRR started with…
Angela R.
Community Development Organization Our affordable housing project had income restrictions on the buyers and a maximum sales price, so a normal construction lender was not a good fit. BANKIRR understood…
Derrick H.
Most lenders looked at our personal liquidity and stopped there. BANKIRR took the time to understand that we had land equity, an available line of credit, a qualified GC, and…
Monica D.
I uploaded my Loan Estimate thinking maybe I’d save a little. What surprised me is how quickly another lender came in lower once there was competition. It made me realize how much pricing depends on the situation, not just the lender.