HECA

• Who We Are
• What We Do
  • Project Financing
  • Lending
• Purpose
• Current Projects and Grants
• What's New
• Housing and Community Development Resources

Loan Application

HECA, through its designated underwriter, employs a three-step application process, which enables the organization to provide timely feedback to prospective developers. The Loan Application Flow Chart outlines this process. We invite prospective developers to complete and submit the Preliminary Application prior to providing the information required by the Complete Loan Package.

Our ability to provide loan approval and subsequent closing is contingent upon the availability of the required information. If readily available, loans can be approved and closed within 60 days.

All loans are approved by HECA's Loan and Investment Committee, which meets and reviews loan applications on an as-needed basis.

Complete Loan Packages must be submitted to the underwriter two (2) weeks prior to the Loan and Investment Committee meeting to allow for it to be reviewed and perfected prior to submittal.

See also:

• Loan Products
• Loan Application Process
• Loan and Investment Committee
• Loan Application Flow Chart (PDF)
• HECA overview and loan products: One Real Estate Banker's Perspective (PDF)
• Frequently Asked Questions