A nonprofit organization known for creating successful homeowners and…

strengthening neighborhoods so that individuals and families can improve their long-term financial well-being and quality of life.

Homewise, which has helped more than 5,000 New Mexicans achieve homeownership since 1986, recently expanded to offer commercial mortgages for owner-occupant businesses and nonprofits that wish to purchase a building. Homewise aims to help these important community groups and businesses build wealth and find stability for the long-term.

Type of Businesses Served

• Owner-occupant businesses and non-profits (must occupy 51% or more of the building)

Stage of Businesses Served

• Established businesses (defined as operational for at least 12 months)

Funding Style

• Commercial mortgages, loans can be used for property acquisition and/or improvement

Funding Range

• Loans up to $1,000,000

Loan Application

• Request an application from Johanna Gilligan at jgilligan@homewise.org
• Complete application and submit requested financials

Applicant Requirements

• Must submit three years of tax returns, all relevant organizational documents, and personal tax returns (if requested)

• Must be purchasing a building within our current lending territory (Interstate 40 south to Broadway in Albuquerque, within a low-income census tract in Santa Fe) See image below for Albuquerque lending territory.

• Must be an LLC or 501c3 based in New Mexico

Resources Provided

• Technical assistance referrals
• Lower down payment than most commercial mortgages

Contact

Johanna Gilligan, Senior Director of Community Development at jgilligan [at] homewise.org or call 505-469-6195