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Nonprofit Commercial projects Types of Financing

DEBT Senior Debt Bank Loan Bond Financing Subordinate Debt Community Development Lenders Public Sector Lenders. “EQUITY” Traditional Equity Tax Credit Equity Deferred Developer Fees Grants Foundation Grants Economic Development Grants (Federal or local).

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Nonprofit Commercial projects Types of Financing

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  1. DEBT Senior Debt Bank Loan Bond Financing Subordinate Debt Community Development Lenders Public Sector Lenders “EQUITY” Traditional Equity Tax Credit Equity Deferred Developer Fees Grants Foundation Grants Economic Development Grants (Federal or local) Nonprofit Commercial projectsTypes of Financing • SOFT DEBT • Deferred Payment Loans • Residual Receipts Loans

  2. Swans Marketplace • 18 1- and 2-bdrm • apts (50-60% AMI) Sponsor: EBALDC Location: Old Oakland Uses: • Office Space 17,000 sf • Retail 25,000 sf + 18 pkg including Housewives Market • Live/work rental 1,000 sf • 20 Cohousing condos

  3. Financing SourcesSwans Marketplace • Wells Fargo Bank ($3,350,000) • Standard Insurance ($3,300,000) • California Equity Fund-Historic Credits ($2,100,000) • Economic Development Administration ($1,700,000) • Commercial Tenant Prepaid Rent (1,700,000) • Oakland Redevelopment Agency, TIF ($1,150,000) • Capital Campaign/Kresge Found. ($1,150,000) • Office of Community Services ($500,000) • Heron Foundation PRI ($300,000) • Total:$12,100,000

  4. Fruitvale Transit Village Sponsor: The Unity Council Location: Oakland, CA Uses: • 68,000 s.f. community resources • 47,000 s.f. La Clinica • 52,000 s.f. housing (47) • 38,000 s.f. retail • 50,000 s.f. parking

  5. Financing SourcesFruitvale Transit Village • Citibank – Tax Exempt Bond • Local Initiatives Support Corporation • National Cooperative Bank • City of Oakland – Sec 108 • Dept. of Commerce, EDA • US. Dept. of Housing and Urban Development • Environmental Protection Agency • BART • Federal Transit Administration • Federal Emergency Management Agency • U.S. Department of Health and Human Services • California Health Facilities Financing Authority • Alameda County Transportation Improvement Agency

  6. Grant SourcesFruitvale Transit Village • Evelyn & Walter Haas Foundation • Richard & Rhoda Goldman Fund • Levi-Strauss Foundation • The Ford Foundation • Neighborhood Reinvestment Corporation • James Irvine Foundation • National Council of La Raza • PG&E Corporation

  7. Loan sources Grant sources Equity sources Public Agencies Private Investors Community Development Lenders Financing Sources Directory www.cdexchange.org/financingsources

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