Developers find in HOPE a trusted partner that will not only bring the needed loan capital, but also work through structuring challenges and offer tailored solutions that fit the borrower’s needs and maximize benefits to the project’s end users. While affordable housing continues to be our primary focus, we have financed projects from other industries and business ventures from time to time. As such, our borrowers are a diverse bunch – from small-scale property owners and community development organizations to leading local real-estate developers, large regional housing developers, and regional and national hotel operators, among others.
- Variety of loan products – Developers can access a range of loan products through HOPE, including construction, bridge, acquisition, predevelopment and permanent loans, depending on specific needs of a project at hand.
- Flexible and fast process – HOPE’s underwriting and approval process is considered flexible and tailored to particularities of each project. Developers also find our processes fast and efficient without unnecessary steps or rigidities that are characteristic of certain lenders and agency financing (e.g., Freddie/Fannie). Our goal is to always make the borrower’s experience as smooth and streamlined as possible.
- Competitive terms – With the ability to source our funding from a multitude of lenders, we strive to provide our borrowers with competitive terms and willingness to go the extra mile to get the deal done.
- Experience with other tax credit programs – Developers also value our expertise with other tax credit programs that are often combined with LIHTC and can entail added complexity. These include historical tax credits, new markets tax credits, and state tax credit programs, among others.
If you would like to discuss your project with HOPE, please contact any of our team members.