Clearinghouse CDFI finances projects that improve communities through measurable benefits. We work closely with every borrower to ensure the success of each project.
Commercial Loan Amounts: Tailored from $500,000 – $15 million
Multi-Family Loan Amounts: Tailored up to $15 million
Service Area: Nationwide, focusing on CA, NV, AZ, NM, TX, OR, & Indian Country
No predefined loan programs: Our borrowers’ projects are as different as the communities they serve. We assess each loan application individually.
One of our underwriters will contact you to talk through the loan programs that might fit your needs. He or she will be your main point of contact with Clearinghouse CDFI. Expect to discuss: your professional background, collateral, source(s) of repayment, and anticipated community impact.
If your project meets our lending criteria, you will need to complete a loan package and submit your application fee. We are happy to walk you through each item and address any questions.
Your underwriter will present your loan package to our loan committee. During the underwriting process, we will meet with you several times to become acquainted with you and your project.
Most loan requests over $1 million are subject to final approval by our loan committee. Once your underwriter receives the loan committee’s approval, the loan file will be ready for closing.
We will stay in close contact to maintain a positive, productive relationship. We want to hear how your loan impacts you, your organization, and the surrounding community. We may also require timely financial and impact information about your project.
Loan Rates & Terms
Long Term FIXED Rates up to 24 Years
Short Term (up to 24 months) interest only loans
Loan to Value (LTV)LTV is the loan amount divided by property value – Up to 80%
3rd Party Vendor Dependent: Appraisal, Title, Escrow, Legal, and Environmental Fees (if applicable)
Cost of appraisal, application fee, other third party reports and preliminary legal work will be requested after an initial review of the project and the receipt of quotes for the scope of work. All costs will be reasonable and can be estimated further upon request.
About Us
Learn more about Clearinghouse CDFI and view our annual DVD here: About Us.