Products
The REO Capital Fund offers specialized lending products for neighborhood stabilization efforts.
Bridge Financing – Short-term financing to enable local programs to pay cash quickly for properties in advance of receiving NSP funds.
Acquisition & Rehabilitation – Financing for the acquisition and rehabilitation of vacant, abandoned or foreclosed properties, including predevelopment costs, for up to 18 months.
Individual loans are generally made available to borrowers through revolving lines of credit. Each revolving line of credit provides borrowers with an origination period of up to two years in which to originate new loans. Terms and structures vary.
