Borrow From TREC Community Investors
TREC Community Investors offers nonprofit and for-profit borrowers in Dallas and Collin counties access to the capital and technical assistance needed to bring impactful real estate projects to life. Conventional lenders typically consider the kinds of projects we finance as particularly risky, due to a lack of comparable projects in the area or sufficient collateral from borrowers. But as a loan fund, rather than a bank, we can provide funding for developers who share our goals and have a minimal repayment risk.
For more information, please contact Loan Underwriting Manager Clinton Hill.
Predevelopment Loans
Financing used to cover early-stage development costs before a real estate project begins.
Acquisition Loans
These loans are typically used to purchase and secure land for future development.
Construction Loans
Financing that covers costs during the construction phase of a building or renovation project.
Predevelopment Loans
Financing used to cover early-stage development costs before a real estate project begins.
Project Examples
Appraisal, survey, architectural and engineering, attorney, title and zoning, environmental assessment/soil sampling, market feasibility study, operating reserves, tax credit application and related expenses, other customary predevelopment costs
Rates and Terms
Max Loan Amount
Up to $750,000 in capital (with opportunity to exceed through partnerships) at market-rate interest, with a 1 percent origination fee, secured by property or guaranty.
Loan Term
Maximum five years
Geographic Area
Projects must be located in low-to-moderate-income census tracts within Dallas or Collin counties.
Sponsor Guarantee
Required
Personal Guarantee
For-profit developers will be required to provide a personal guarantee
Project Loan Take Out Financing
Project take out financing is required but can vary based on the project proposal and prospective borrower.
Security
Collateral is required, but we accept either senior or subordinate liens.
Acquisition Loans
These loans are typically used to purchase and secure land for future development.
Project Examples
Direct land purchase, recapitalization or refinance of an existing acquisition loan, capitalized interest, costs of obtaining takeout financing, land bank
Rates and Terms
Max Loan Amount
Up to $750,000 in capital (with opportunity to exceed through partnerships) at market-rate interest, with a 1 percent origination fee, secured by property or guaranty.
Loan Term
Maximum five years
Geographic Area
Projects must be located in low-to-moderate-income census tracts within Dallas or Collin counties.
Sponsor Guarantee
Required
Personal Guarantee
For-profit developers will be required to provide a personal guarantee
Project Loan Take Out Financing
Project take out financing is required but can vary based on the project proposal and prospective borrower.
Security
Collateral is required, but we accept either senior or subordinate liens.
Construction Loans
Financing that covers costs during the construction phase of a building or renovation project.
Permitted Uses
Land (if not already owned), site preparation, labor and materials, permits and fees, architectural and engineering plans, utilities installation, foundation and framing, interior and exterior finishes, contingency reserve, loan interest during construction
Rates and Terms
Max Loan Amount
Up to $750,000 in capital (with opportunity to exceed through partnerships) at market-rate interest, with a 1 percent origination fee, secured by property or guaranty.
Loan Term
Maximum five years
Geographic Area
Projects must be located in low-to-moderate-income census tracts within Dallas or Collin counties.
Sponsor Guarantee
Required
Personal Guarantee
For-profit developers will be required to provide a personal guarantee
Project Loan Take Out Financing
Project take out financing is required but can vary based on the project proposal and prospective borrower.
Security
Collateral is required, but we accept either senior or subordinate liens.
TREC Community Investors Loan Inquiry Form
If you’re looking for a proven partner top help you revitalize your Dallas neighborhood, we invite you to submit your project below.
Frequently Asked Questions (FAQs)
How does TREC Community Investors provide loans?
TREC Community Investors is a Community Development Financial Institution (CDFI) that provides access to capital and technical assistance for real estate projects serving low-to-moderate-income neighborhoods or low-to-moderate-income communities.
What does it mean to be a CDFI?
CDFI stands for “Community Development Financial Institution,” a class of financial institution certified by the U.S. Department of the Treasury that caters to underserved and often low-to-moderate-income communities. CDFIs can be banks, credit unions, venture capital funds, or loan funds.
Which customers does our CDFI serve?
To date, our loans have supported organizations with qualified projects in Dallas and Collin counties. Typical customers include:
- Nonprofit and for-profit developers
- Social service providers
- Charter schools
- Small businesses
- Healthcare facilities
- Childcare providers
Who oversees our CDFI?
Our CDFI is governed by a Board of Directors and an Advisory Board.
How is TREC Community Investors different from a traditional lender?
Since our loans support projects in underserved and distressed neighborhoods, they represent inherently higher risk by conventional lending standards. Our customers may not be able to qualify for a traditional loan due to a lack of comparable projects or sufficient collateral. However, we can provide funding for those who share our goals and have a minimal repayment risk.
We also mitigate that risk by supporting our customers with pro bono development services and real estate training. Our educational programs — such as Real Estate Bootcamp and Real Estate 101 for Nonprofits — help to move projects toward successful outcomes through opportunities for mentorship and professional networking.
Do you make mortgage loans for single-family homes?
No, we do not make long-term loans to direct purchasers. Our focus is providing bridge loans or lines of credit to housing developers.
How can I apply or get involved?
If you are interested in applying for a loan, participating in a community training program, or volunteering, please contact Community Investment Manager Kawanise Jordan.