Welcome

The New York City Acquisition Fund LLC offers acquisition and predevelopment loans to developers committed to the creation and preservation of affordable housing in the five boroughs of New York City.

Made possible through an unprecedented partnership between the City of New York, major foundations and New York’s public and private investment groups, the Fund provides loans at the following general terms:

•	Capital advance rates of up to 130% LTV for Non-Profit Borrowers and up to 95% LTV for For-Profit Borrowers
•	Variable interest rate currently indexed to Prime
•	Loan terms of up to 3 years
•	Limited Recourse

To find out how the Fund can help with your project, please contact one of our Originators listed below.

 

Recent News

June 7, 2011 - The New York City Acquisition Fund recently provided acquisition and predevelopment financing to South Bronx Community Lemle Wolff LLC for the stabilization of 39 distressed residential properties scattered across the South Bronx. This project will preserve the affordability of 956 units of affordable housing.