IFF loans have helped hundreds of nonprofits acquire, build and renovate their own facilities, while increasing net assets and financial stability.
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CommunityHealth, Chicago
Using IFF financing and a bank loan augmented by funds raised through a capital campaign, CommunityHealth was able to buy and transform a building in the West Town neighborhood into a state-of-the-art health center. The facility has become the medical home for more than 8,000 low-income uninsured patients a year, who receive primary care and specialty services from over 350 volunteer physicians.
[PDF 215KB]
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Counseling Center of Lakeview, Chicago
IFF provided the Counseling Center of Lakeview a 15-year, $500,000 loan. Combined with a bank loan and agency equity, IFF’s loan made possible the purchase of a building and two adjacent properties where the Center offers counseling and alcoholism programs serving homeless youth, older residents, people with disabilities, and others.
[PDF 310KB]
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Brookside Day School, Kansas City, Missouri
IFF worked with charter school Brookside Day School to expand its space to accommodate more students by providing planning and site selection services, as well as a $1 million subordinate loan. The new space helps to create a positive environment for students that is conducive to learning.
[PDF 144KB]
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Paraquad, St. Louis
Relocation is stressful, especially for an organization dedicated to people with disabilities for whom location and accessibility are paramount. A 20-year, $1 million IFF loan, subordinate to a mortgage offered by Pulaski Bank, enabled Paraquad to secure a permanent, centrally located home for its operations.
[PDF 121KB] |
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McAuley Apartments / St. Catherine Residence, Milwaukee
IFF provided a 17-year, $900,000 first mortgage, part of a financing that included tax credits and grant funding that enabled St. Catherine to build McAuley Apartments, creating 46 small units at affordable rents adjacent to the agency’s original building. Renting at McAuley enables women to move toward independence while staying connected to the warm, supportive community St. Catherine offers its residents.
[PDF 151KB]
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ECHO Community Health Center, Evansville, Indiana
With the help of a 15-year, $290,000 IFF loan along with grant funding, ECHO Community Health Center acquired a space it had been leasing and renovated it to provide prenatal and pediatric services. The clinic’s new space allows staff to separate sick and well children and to incorporate developmental and preventive care programs.
[PDF 142KB]
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