Nonprofits and affordable housing use real estate to serve their communities, and putting together financing for these projects can be especially difficult. Our Real Estate Impact program is here to serve these lending needs, offering accessible options to mission-minded borrowers and acting as a partner to support these important community assets. The Real Estate Impact program underwrites the following:
- Predevelopment Loans
- Bridge Loans
- Acquisition Loans
FirstBank is a proud partner of Sharing Connexion and made a generous commitment of a $30 million credit facility for our mission’s purpose. Sharing Connexion then blends these dollars with money from our Capital Fund to underwrite our Real Estate Impact loans.
Sharing Connexion does not make program-related investments and does not conduct traditional grantmaking.
To learn more about our loan priorities, timelines and processes, and potential terms, you can read our Real Estate Impact packet. If you would like to talk to a staff person, please fill out the below contact form.
Case Study
Holly 38 – Delwest
Located in Denver’s Park Hill neighborhood, Holly38 Apartments were developed by Delwest Development Corporation to address the city’s pressing need for affordable housing. This community offers two, three, and the rarely available four-bedroom units to households earning 30% to 80% of the area median income (AMI).
To make this project possible, Sharing Connexion, Inc. (SCI) provided a $2.7 million acquisition loan to help Delwest secure the land. With SCI’s support, along with other partners, Delwest successfully delivered 253 affordable housing units to Denver families.
“Sharing Connexion Inc. provided a pre-development loan for a large new affordable housing development. Beyond the funding itself - offered on fair and reasonable terms – SCI’s deep technical understanding of our deal, validation of our plan, and strong industry reputation helped attract additional partners to the project.” – Joe DelZotto, President, Delwest Development Corp.
