Lending

Lending

IFF provides nonprofit corporations serving low-income and special needs populations with flexible, below-market financing for capital projects and equipment. 

IFF's standard loan product is a 15-year mortgage up to $1.5 million for real estate acquisition, renovation and construction.  Loans as small as $10,000 are available to purchase equipment or vehicles, complete facility repairs, or undertake maintenance.

Our loans and application process are specially designed for how nonprofits operate. With no appraisal requirements, fees, points or rate variances based on risk – and with a quick approval process – our rates and terms can save you money.

IFF loans cover up to 95 percent of total project costs and can be fully amortized for a term of up to 15 years, eliminating the burden and risks of balloon payment refinancing.

IFF makes second position loans and offers financing for leasehold improvements.

We only lend to nonprofit corporations, with many customers in the following sectors:

  • Early Childhood care and education
  • Education (charter and private schools)
  • Human services
  • Health care (FQHC, CHCs)
  • Youth, adult, senior services
  • Developmental disabilities
  • Affordable and supportive housing
  • Community development
  • Arts and culture
  • Faith-based human services
  • To apply for a loan, download a loan application, This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call IFF toll-free at 866 629 0060 to speak with a loan officer.

     
     
    Chicago
    One North LaSalle Street
    Suite 700
    Chicago, IL 60602
    T. 312 629 0060
    F. 312 629 0061
    Springfield
    920 South Spring Street
    Suite 2400
    Springfield, IL 62704
    T. 309 495 5923
    Missouri
    911 Washington Avenue
    Suite 203
    St. Louis, MO 63101
    T. 314 588 8840
    F. 314 588 2170
    Wisconsin
    215 North Water Street
    Suite 225
    Milwaukee, WI 53202
    T. 414 248 0673