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CSH’s Los Angeles Loan Funds

Los Angeles Supportive Housing Loan Fund

This fund provides acquisition and predevelopment funding for projects that meet the requirements of the City of Los Angeles Permanent Supportive Housing Program.

  • Secured and unsecured predevelopment and site acquisition loans
  • Maximum loans of $3 million
  • 6% interest capitalized
  • Balloon principal payment at maturity
  • Up to 130% loan-to-value
  • Loan terms up to 36 months
  • Sources of repayment: construction lender or equity investor

 

County of Los Angeles Housing Innovation Fund

This fund provides secured predevelopment and site acquisition loans for projects that meet the requirements of the County of Los Angeles Housing Innovation Fund. Funds may be used for site acquisition, project feasibility, markets studies, escrow and title fees, professional consultants, architecture and loan fees.

  • Maximum loans of $5,000,000 including a maximum of $750,000 for predevelopment expenses
  • For loans closing in 2010 interest rate was 6.4% or 7%
  • Interest reserve will be capitalized
  • Up to 100% loan-to-value
  • Loan terms up to 36 months
  • Sources of repayment: construction lender or equity investor

 

New Generation Fund

CSH is an originator and underwriter for this fund in the City of Los Angeles for acquisition and predevelopment.

  • Maximum loan $10,000,000
  • Minimum interest rate 6.5%
  • Up to 130% loan-to-value

 

Contact us to find out how the Funds can help with your project.

 

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