LEVITICUS FUND - Faith Capital for Building Communities A community development fund for socially-responsive investors

Ways to Borrow > Application Process
The best starting point for a loan with the Leviticus Fund is a conversation. After you've read through our loan description sheets (affordable housing, community facilities, child care), give our office a call so our loan officers can understand your project financing needs. During that conversation, our loan officer will want to discuss:
  • a description of your project, both the development and operating phases
  • projected sources and uses of financing for the project at each phase of development, including the loan amount and terms requested from Leviticus
  • the source of repayment for the loan
  • collateral for the loan, including appraised value or an appraisal estimate
  • a description of your organization, including its mission and main activities

If it's a good match – your organization's project and our mission, the next step is to submit a full application that will include the following items:
  • descriptive brochure of your organization
  • three years audited financial statements, including notes and auditors/management letter
  • short, written description of project to be financed
  • operating and development proforma for the project
  • current budget for your organization, and year-to-date financial statement including balance sheet, income/expense report
  • organizational flow chart
  • articles of incorporation and by-laws, IRS tax status letter, and employee identification number
  • appraisal
  • environmental review

Please note that a pre-application, prior to submitting a full application, is required for startup child care centers and small existing child care centers seeking to expand.

In all cases, once a full application has been received by our office, Leviticus' loan officer will begin the loan underwriting process that may require additional information from your organization and a possible site visit. All loans are subject to final approval of the Leviticus Loan Committee.

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The Leviticus Fund is an equal opportunity provider.

Leviticus 25:23 Alternative Fund, Inc.
220 White Plains Road, Suite 125, Tarrytown, NY 10591
Tel. 914.909.4381    Fax. 914.606.9006

A member of the Opportunity Finance Network