Predevelopment lending is the critical piece of funding that developers need to get a deal from a tax credit award to closing. During this time, developers are on their own to cover a wide variety of expenses such as architectural and engineering fees, acquisition costs, and third-party reports. NEF's predevelopment lending provides critical early-stage capital to help our sponsors develop affordable rental housing. Our loan product can reimburse you for costs already incurred and can cover future project-related expenses.
This product is available on all NEF syndicated deals and project types. We are supporting both acquisitions/rehab and new construction projects.
NEF predevelopment loans can be used to cover:
Managing Director of Structured Finance
Project Manager, Business Development