• Duration: Loans will generally call for payment in full within five year. However, the Foundation may extend duration on a case-by-case basis.
  • Amount: Preferred loan amounts are between $50,000 and $350,000, and no borrower can make up more than 10% of the Program’s total allowable pool, unless approved by the Foundation’s Board of Trustees.
  • Allocation: The Foundation does not seek to diversify across all asset classes; the allocation is driven by the underlying investment opportunities.
  • Sources and Uses: It is required that a project has identifiable and approved/pledged source of funds to complete the project prior to the issuance of a loan.