Through its participating lenders, the REO Capital Fund offers specialized revolving lines of credit for the acquisition and rehabilitation of vacant, abandoned or foreclosed single-family properties. Terms and structures are flexible and can vary. Line of credit sizes typically range from $750,000 to over $4 million, with a term of up to three years.
Properties receiving financing from the Fund must have a history of distress, be located in a distressed area, and be intended for low- or moderate-income households at no greater than 120% of AMI.
To discuss your organization's unique financing needs, please contact NCST.
Hogar Hispano, Inc. purchased this Maryland single-family home and transformed it with more than $21,000 in rehabilitation to a family-ready home for a buyer who was at 67% of AMI. The family wanted to have their own place with a yard to call home for their children.