CoNorth Loan Fund for Acquisitions and Refinancing
Our loan fund is designed to address the particular financing needs of resident-owned communities.
Cooperatives need access to mission-aligned, below-market financing.
We provide acquisition and permanent loan products which provide secondary financing to resident-owned communities for the purchase of their manufactured home communities. These loans provide the funding needed to complete the purchase and cover the soft costs of the closing.
CoNorth launched the CoNorth Loan Fund (CLF) in 2023. The fund made its first loan in 2024. The Loan Fund is on track to become a federally-certified CDFI by early 2026. This designation will allow the fund to receive and administer federal appropriations and increase CoNorth’s capacity to support additional acquisitions and refinancing projects.
While associated with CoNorth and serving its affiliated communities, CLF is an independent entity and governed by a separate board of directors who serve in the best interests of the loan fund.