Tuesday, November 21, 2017

martyberg

US Treasury CDFI Fund Awards CIC $1.25 Million

On September 10, 2015 the Department of the Treasury CDFI Fund announced a $1.25 million grant to CIC to support its efforts in providing financing for affordable housing in low-income areas. Financial Assistance awards of up to $2 million allow Community Development Financial Institutions such as CIC to sustain and expand their financial ...

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Takeout Loans for Groups of 1-4 Units

FILLING A MARKET NEED Despite the headlines touting a rental comeback, many neighborhoods continue to struggle with distressed buildings, low values, and a stubborn need for affordable rental. Yet investors have had a hard time finding financing to redevelop groups of these buildings – a gap preventing more expansive neighborhood ...

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Low-Rehab Loans = Lower Rates, Fast Processing

CIC addresses changing market with NEW loan product To meet the demand of the changing marketplace, CIC is offering a new loan product for buildings which need little or no rehab. The new loan is our traditional three-year adjustable rate mortgage with a shorter 10-year term and 25-year amortization. Loan ...

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