Loan Amplifier
Fairview is addressing the growing need for affordable housing in communities across the country through the creation of a loan product that provides amplifier funds to accompany AHP or similar awards for the benefit of tax credit developments. When facilitated by Fairview, granted funds are eligible for a match of up to 10%.
Benefits of partnering with Fairview:
- AHP application coaching
- Potential tax advantaged nonprofit GP partnership
- Resident services intermediary
- Access to amplifier funds
- Flexible loan structure
- Industry standardized terms
Loan Program Details
LOAN AMPLIFIER AMOUNT
Up to 10%. Max of $500,000
TERM
Match to first mortgage
AMPLIFIER RATE
LT AFR + 4% Investor Spread
USES
Available for all tax credit syndicated deals;
both 9% and 4% transactions
ISSUANCE COST
Flat $5,000 or 1.5% fee per transaction
AMPLIFIER REPAYMENT
Amortized P&I from cash flow
POSITION
Subordinate to first mortgage