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NMTC Loan Types

While almost any type of loan is eligible, NMTC loans primarily fall into the following categories:

  • Loans for new construction and/or the substantial rehabilitation of commercial properties, including acquisition costs
  • Permanent "take-out" financing of new construction and/or substantial rehabilitation, including acquisition costs
  • Loans to acquire owner-occupied commercial real estate (when both the landlord and tenant are related parties and qualified borrowers). Types of owner-occupied loans include simple acquisition of an existing building, new construction, and/or acquisition and renovation of an existing building
  • Loans to acquire equipment or other assets
  • Loans for new construction and/or the substantial rehabilitation of homes or condominiums for sale (as opposed to loans for the construction of residential rental units, which do not qualify)
  • Debt refinancing will not usually satisfy NMTC requirements, except for: (i) permanent "take-out" refinancing of recently completed new construction and/or substantial rehabilitation; and, (ii) owner-occupied loans, when both landlord and tenant are related parties and qualified borrowers.

Contact Us

To learn more about NMTC and to see if you may qualify, click here to contact a NMTC representative.