Short-term Loans
These are loans for up to 36 months that may be used for acquisition, predevelopment, construction, bridge, working capital, and line of credit financing of residential, commercial, community facility, or charter school spaces.Features:
• Up to 3-year term
• 6.75% interest rate for loans up to $1 million
• 7.00% rate for loans over $1 million
• Maximum amount: $2 million
• Secured by mortgage or other asset
• Flexible collateral and loan-to-value requirements
• Will subordinate to conventional lender
Download an application for a LISC short-term loan.