Together We Can Build a Better Community
Single & Multi-Family Affordable Housing
UCNS has loan products for government housing authorities, non-profit agencies, general contractors and developers who build or develop, rehabilitate, or repurpose properties to create single & multi-family affordable housing.
Loan Product Terms*
| Acquisition | Pre-development | Rehabilitation | |
| Term | up to 36 months | up to 24 months | up to 24 months |
| Rate | 3.5% - 5.0% | 3.5% - 5.0% | 3.5% - 5.0% |
| Loan Amortization | Interest-only | Interest-only | Interest-only |
| Original Fee | 1.50% | 1.50% | 1.50% |
| Max Loan to Value | 90% | 90% | 90% |
| Max. Loan to Cost | 90% | 90% | 90% |
| Min. Loan Amt. | $250,000 | $100,000 | $3,000,000 |
| Max. Loan Amt. | $2,000,000 | $400,000 | $15,000,000 |
| Financials – Borrower | 3 yrs. GAAP & Tax Returns | 3 yrs. GAAP & Tax Returns | 3 yrs. GAAP & Tax Returns |
| Financials – Guarantor | Personal Financial Statement & 3 yrs. Tax Returns | Personal Financial Statement & 3 yrs. Tax Returns | Personal Financial Statement & 3 yrs. Tax Returns |
| Personal Guarantees | All with ownership >= 20% | All with ownership >= 20% | All with ownership >= 20% |
