Loan Products

  • Predevelopment – Secured and unsecured loans. Loan proceeds may be used for a variety of predevelopment costs, including but not limited to project feasibility studies, environmental studies, engineering and architectural work, legal fees, site preparation, appraisals, surveys and application and permitting fees.
  • Acquisition – Loan proceeds may be used to purchase land and/or existing buildings for affordable housing, mixed use developments and community facilities.
  • Construction – Term loans and lines of credit for new construction, expansion, rehabilitation of affordable housing, community facilities and commercial real state projects in designated neighborhood revitalization areas including energy efficiency upgrades.
  • Bridge – Loan proceeds used for short-term financing needs brought about by timing issues on the receipt of other committed funds on eligible projects.
  • Mini-perm – Amortized loans providing medium term financing term financing for operating properties.

MHCLF loans are unique.  While banks often limit loans to 60-70% of the underlying real property value, MHCLF lends up to 90% LTV.  Flexible repayment terms, subordinated collateral positions, and other credit enhancements are employed to help make important community development projects move forward.  Most loans have terms of 12 to 36 months and mini-perms carry a term of up to 84 months.

Mile High Community Loan Fund’s Loan Committee meets weekly to ensure a speedy turnaround.


Download MHCLF Loan Application

Download MHCLF Loan Type and Term Summary Sheet