Product Overview

NLP provides access to a private loan pool ("Member Loan Pool"), funded by the members of the various affiliates, as well as loan pool of government funds ("CDFI Loan Pool"), funded by a combination of local government State Housing Initiative Program ("SHIP") funds as well as a federal Community Development Financial Institution ("CDFI") grant. The Member Loan Pools are intended for first mortgage loans only while the CDFI Loan Pool is intended for second mortgage loans. The loan programs listed herein have been approved within the funding parameters of each respective loan pool.

Loan Products

Multi-family Construction loans
Multi-family Acquisition / Rehabilitation loans
Multi-family Permanent loans
Housing Preservation Loans for project based section 8 properties (Multi-family rental)
Real Estate based Economic Development loans-Traditional supported
NSP Subsidized loans, adjustable rate or fixed rate for Multi-family Acquisition / Rehabilitation
NSP Subsidized loans, adjustable rate or fixed rate for Multi-family Acquisition / Rehabilitation

Services

Loan Underwriting for Local Governments and Housing Finance Authorities, including SHIP, HHRP, HOME and NSP
Loan Servicing and Loan Administration
Construction Draw Monitoring
Property Monitoring and Rental Compliance
Quarterly Status Reports and Annual Reviews