You’re building the future. We’re right there with you.
And the First Year is On Us!
For a short time, NCCLF is offering loans with zero percent interest during the first year, to help nonprofit organizations finance real estate projects. Loans may be used for projects such as affordable housing, community facilities, or refinancing real estate loans.
Who is this loan good for?
Whether you are a social services organization looking to save money during your first year in a new building, an affordable housing developer who wants to secure property in the current real estate market, or an organization looking to refinance an existing loan, a loan with no interest the first year may be a great deal for you. By saving you money, these loans can help you make a strategic real estate move that might not otherwise seem affordable.
Loans are intended for affordable housing, mixed-use projects, community facilities, catalytic neighborhood projects, or other nonprofit real estate projects. Properties must be located in NCCLF’s 46-county service area. Maximum loan size is $2 million, with larger loans considered on a case-by-case basis. Minimum five year term, with a prepayment penalty for early payment. This special rate does not apply to working capital or lines of credit. Please see our complete Zero Percent Loan Term Sheet for more details.
Why borrow from NCCLF?
NCCLF has worked with nonprofit borrowers for nearly 25 years, and we offer the flexible loan terms and strategic expertise needed to make your project successful. We understand how nonprofits work, and our affordable, fixed interest rates won’t cause any surprises down the road. Best of all, when you work with NCCLF, you are investing in your own community.
Our loans support nonprofit projects and enterprises that benefit low-income residents or communities throughout the 46 northernmost counties of California. Applicants must demonstrate strong governance, sound fiscal management and feasibility of their proposed project or borrowing need. We try to meet the needs of our borrowers and believe in a personal, flexible approach to lending and a hands-on partnership with every organization.