Our Loan Products
Spark Capital’s products and services are responsive and flexible to our community’s diverse investment opportunities and needs.
Here are the types of projects we finance.
Middle-Income Workforce Housing
Spark Capital provides financing for the development of for-sale homes in qualified census tracts in Douglas County, appraising between $150-$300,000.
Rental Housing
Spark Capital provides financing for the conservation and/or development of rental housing, including multi-family or single-family homes, and affordable or market rate units, where the latter serves a community development purpose by providing a mixed-income development.
Economic Development
Spark Capital provides financing for commercial and mixed-use development located in and/or serving low- and moderate-income neighborhoods and tenants.
Education
Spark Capital provides financing for childcare and educational facilities that serve low- and moderate-income communities and families.
Health & Wellness
Spark Capital provides financing for healthcare facilities and businesses in designated food deserts that increase access to healthy food.
What We Finance
Our Spark Capital loan fund provides flexible lending products with loans ranging between $50,000 and $500,000. Here are the types of activities we finance:
Predevelopment – planning, design, engineering, and environmental expenses
Acquisition – property purchase and closing costs
Construction – both new construction and rehabilitation costs
Required Financial Loan Documents
Last 3 years’ business tax returns, if applicable
If your entity is new, 1 year or 2 years of tax returns
Last 3 years’ personal tax returns, all schedules included
Personal financial statement
Outline or Summary of the project to include construction budget, timeline, location, etc.
Detailed pro-forma
Appraisal
Plans and Spec for new design
Project Budget
Environmental
Construction draw schedule