Strategies
IMPACT’s investment platform provides purpose-driven investments in scale, emphasizing stable income, diversification, and principal preservation. With a resilient 20-year track record, our strategies have performed across multiple market cycles and leveraging our expertise, we can provide custom solutions to meet investors’ impact and investment objectives.
Objective: IMPACT seeks to provide investors opportunities in permanent mortgages backed by affordable multifamily rental housing properties, providing investors current income and stable cash flows with attractive long-term yields relative to underlying credit risk.
Investment Types: Privately placed taxable and tax-exempt mortgage loans.
Impact Focus: Creation or preservation of affordable multifamily rental housing units financed in conjunction with federal, state and local subsidies such as the Low Income Housing Tax Credit program serving families earning less than 60% of the area median income.
Description: Long Term Mortgage Investments are long-term mortgages backed by affordable housing properties. These first lien mortgages have historically produced a spread over U.S. Treasuries that exceeds conventional CMBS investments and U.S. corporate bonds of similar quality. Regardless of market cycle, there is a strong demand for affordable housing. This consistent demand generates a low correlation for affordable housing loans vs other fixed income investments.
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Objective: IMPACT seeks to provide investors stable income through investments in short-term mortgage loans, secured by first lien positions in affordable multifamily rental housing properties.
Investment Types: Privately placed taxable mortgage loans.
Impact Focus: Preservation of affordable multifamily rental housing units financed in conjunction with take-out financing provided by HUD/FHA, Fannie Mae, Freddie Mac or similar agency mortgage programs, and serving families earning less than 100% of the area median income.
Description: Short term affordable housing loans can provide competitive yields through investments in mortgage loans that finance the preservation of affordable housing. These loans have terms between 6 and 24 months and are secured by first lien positions in affordable multifamily properties.
The borrowers include owners and developers who are in the process of obtaining permanent government financing and renewing the property's affordability restrictions. By 2024, affordability restrictions on nearly 300,000 federally-assisted homes are set to expire.
