Subordinate Loans Revolving Special Fund

Features Bridge financing of the final gap May be used for down payment, financing costs, pre-development, and other soft costs More flexible term, rate and collateral than bonds Requires loan and City oversight committee approvals Must meet City's Living Wage Ordinance (LWO) requirements Loan Size $250,000 - $550,000 Target Borrowers Available to IDA bond borrowers only Federal Empowerment and State Enterprise Zone borrowers

1200 West 7th Street, 6th Floor, Los Angeles, CA 90017
213-744-7111 | 213-744-9395 (TTY) | 213-744-9382 (Fax)