Loan Purpose: Funding may be used for pre-development costs related to site acquisition, property rehabilitation, and associated project costs for multi-family (typically 2-4 units) Rehabilitation projects are best aligned with this fund.

Examples of eligible use of funds include permitting expenses, surveys, environmental, legal costs, zoning changes, architect and pre-engineering. Earnest money may be considered but is dependent upon terms of the earnest money (i.e. appraisal dependent earnest money.)

Loan Amount: Up to $25,000

Interest Rate: Fixed rate of WSJ Prime at the time of closing.

Origination Fee: 1.0% due at closing, eligible to be included in financing.

Term: Up to 24 months

Loan Purpose: Funding may be used for site acquisition, property acquisition/rehabilitation, and associated project costs for multi-family (typically 2 to 4 units). Rehabilitation projects are best aligned with this fund. Pre-Development work financed by Pathway Lending may be re-financed into permanent financing (up to 100% of the project) when Pathway finances the total project.

Loan Amount: Up to $500,000

Interest Rate: Fixed rate of WSJ Prime at the time of closing.

Origination Fee: 1.0% due at closing (soft cost could be financed.)

Term: 60 months