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
