Our Tax-Exempt Loan Just Got More Flexible
June 27, 2016
Need more cash flow to rehab an affordable property? Then check out our new Flexible Tax-Exempt Loan (Float-to-Fixed) from our targeted affordable housing team.
We call it Flex TEL because it’s made our Tax-Exempt Loan a whole lot more flexible—to meet the needs of your borrowers.
A floating rate loan—for up to three years before converting to fixed—provides lower debt service payments and the flexibility a borrower needs to meet unforeseen expenses that often crop up when you renovate. We increase a borrower’s cash flow, without changing the size of the loan.
Get what you’re looking for with our full suite of Tax-Exempt Loan products, including Flex TEL!
We’re preserving affordable housing and growing with our Tax-Exempt Loan products: 141 loans to date, $2.1 billion and counting, in 25 states.