Idaho-Nevada Community Development Financial Institution, Inc- Products

Our products are:

Small Business

Dollar range	Interest rate	Terms
$15,000 -$500,000	Prime to prime plus four %, with pricing based on risk and other factors listed below. Fixed interest rate	Fully amortized, usually no more than ten years, average term is seven years. We will go with longer terms where appropriate and when collateralized with real estate.

Small business borrower customer profile
Our small business applicants represent a variety of businesses, everything from restaurants to furniture manufacturing. However, they do have a number of characteristics in common. They must be located in a CDFI eligible area. While we have successfully made a number of start-up loans, we most frequently seek existing businesses that are looking at expanding or consolidating. These businesses will have accumulated some assets and will have a banking relationship established. They will have good credit, but their deal will not be fully fundable by a bank.

The financing itself is usually structured 50/40/10; with a participating bank providing 50% of the financing, the CDFI providing 40% of the financing and the borrower providing at least 10% in owner injection.

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Affordable housing loans
Affordable housing tax credit project permanent loan

Dollar range	Interest rate	Terms
$500,000s to $3,500,000	Prime to prime plus 3%	30 year amortization with a 15 year call, fixed.

Housing tax credit borrower profile
Borrowers here are limited partnerships or limited liability corporations specifically established to develop these projects. These partnerships usually feature a non-profit general partner which acts as the project sponsor and developer and the limited partner which provides equity to the project by purchasing the low-income housing tax credits allocated to the project. Typically, the non-profit manages the project after construction. We have made loans to projects both with experienced developers and to developers new to tax-credit projects.

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Affordable housing site acquisition

Dollar range	Interest rate	Terms
$500,000 to $1,500,000	Prime to prime plus 2%	Up to 36 months interest only

Affordable housing site acquisition borrower profile
Borrowers for this product are typically experienced non and for-profit affordable housing developers. This product is used to acquire land for specific rental and ownership affordable housing projects. It is not a land-banking product; it is used to acquire land for a particular project.

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Affordable housing other

Dollar range	Interest rate	Terms
$80,000 to $200,000	Prime to prime plus 3%	Up to ten years fully amortized, sometimes longer terms are provided to match project needs.

Other affordable housing borrower profile
This omnibus product has been used to finance a variety of affordable housing projects including assisted living centers and small (less than ten units) rental housing projects. Borrowers are both for and non-profit. Most are somewhat experienced, but in some instances we have financed the applicant's first project. If you think you may have a project that would interest us, please complete and submit the initial on-line application form. We'll get back to you and let you know whether or not your project fits with our products and if so the next steps.

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