Financing for Non-profit and Co-op Housing

Devonshire Financial is able to assist non-profit and co-op housing project owners sort out the opportunities for new mortgage financing. Whether it is new construction, a pre-payment situation, a matured mortgage or raising funds for capital works or expansion, Devonshire can assist the organization in determining what is possible and arrange the new mortgage with the right terms, conditions and rates. Devonshire Financial is a national leader in this specialized area of financing.

Services

• Assessing current fiscal situation, obligations and capital needs
• Assistance in obtaining Reserve Fund Studies and Environmental Assessments
• Determining financing potential
• Creating a Lender Proposal document and obtaining financing proposals from a variety of Lenders
• Assessing and selecting most appropriate financing option

Experience

• Over 35 years experience in Social Housing as CMHC Program Manager, Non-Profit Board Chair and Consulting
• Familiarity with Section 95 and 56.1 and all F/P Programs since
• New mortgages for 15 new AHP and IAH projects
• 30 years as licensed Mortgage Broker (FISCO #M08008946)
• Have arranged new financing for over 25 existing non-profit and co-op housing projects