Michigan Impact Connection

Michigan’s Impact Connection finances real estate owned by nonprofits across the state.

IFF's Commitment to Michigan

IFF opened its Michigan office in 2014 and is a 501©3 corporation with Michigan tax-exempt status. In its first eight years (2014-2022), it closed 170 loans totaling more than $151 million — capital that flowed to more than a dozen cities throughout the state.

As of April 2023, our Michigan-based staff totaled 28 — dedicated to our lending program, real estate consulting, real estate development, research, and programs and initiatives.

In 2022, with the support of Impact Connection, IFF invested $20.8 million in Michigan nonprofits. Impact Connection responds to the demand from foundations and other investors seeking impact investing opportunities that have been professionally underwritten.

Benefits for Michigan Investors

There are no fees or costs — IFF lends 100% of all invested capital to qualified borrowers in Michigan

Investors choose an amount from $25,000 to $2,500,000

Investors select the rate and term that best meet their investment needs

Investors receive detailed reports on impact and financial performance

IFF encourages collaboration from investors in identifying prospective borrower

Investors will have full recourse to IFF

IFF can use its own funds to complete financial packages for larger transactions and can bring banks or other investors to the project

IFF's Impact Reporting

Investors will receive comprehensive annual reports that include:

Lending Highlights
Social Impact Metrics
Stories

Detroit Public Theatre

Client Spotlight · Arts & Culture

With the support of the Impact Connection investment, IFF closed a $1 million loan
for Detroit Public Theatre, that helped facilitate renovations to a 7,500-square-foot building in Midtown Detroit that the nonprofit is leasing to use as a performing arts space.

Commongrounds Cooperative

Client Spotlight · Community Development

Traverse City’s Commongrounds Cooperative is a four-story, mixed-use cooperative, which is owned by over 650 community members and tenants. Upon an unexpected funding gap, IFF provided a $1.5 million loan — made possible in part by he Impact Connection investment — to Commongrounds to support the construction of the project.

Chris Uhl

Executive Director - Eastern Region

Email Chris

Download Our Private Placement Memorandum

IFF Impact Connection Notes are available for investment only to residents of, and entities organized in, Michigan that qualify as Accredited Investors.