HAWAII COMMUNITY REINVESTMENT CORPORATION

¨ Up to 20 year terms with interest rates fixed up to 20 years

¨ Up to 30-year amortization

¨ Debt coverage ratio minimum of 1.15x

¨ Loan amounts of up to $7,500,000

¨ Rates based on the Federal Home Loan Bank of Seattle index

Contact HCRC for today’s rates

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HCRC offers permanent mortgage loans on affordable multifamily projects with competitive rates and terms. Through its participating lenders and secondary market activities, HCRC continues to have access to capital to meet the needs of affordable multifamily developers in  Hawaii.

With its commitment to the creation and preservation of affordable housing and shelter, HCRC makes forward commitments for permanent loans on new development as well as loans to refinance existing projects and for acquisition and rehabilitation.

HCRC mortgages may be combined with equity gap financing and grants, and our experienced staff can work with developers, existing owners and potential investors in creating individual financial plans and in helping seek out additional resources to make affordable rental project an attractive and economically viable investment properties.

Click here for our standard terms and conditions.

Wilder Vista, a 55-unit affordable family rental apartment in Makiki, Oahu

3465 Waialae Avenue, Suite 393, Honolulu, Hawaii  96816 PH 808.532.3110 FAX 808.524.1069

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