Genesis LA (GLA)

Genesis Community Investment Fund (GCIF)

Genesis LA makes direct loans and investments from its internally managed Genesis Community Investment Fund (GCIF). The GCIF provides flexible acquisition, predevelopment, construction, and permanent financing for community and economic development projects. We work with nonprofits, small businesses, and women and minority owned enterprises. Our loans and investments typically fund real estate projects in underserved communities, however, we also provide working capital and bridge loans that support community and economic development efforts. Each project in which Genesis LA invests must be economically viable and demonstrate how it will deliver economic and social benefits to underserved communities and individuals.
GCIF investments generally have the following terms:

Loan Size: $200,000 to $2,500,000

Interest Rate: 6.0% - 7.5%

Term: Up to 10 years

Loan-to-Value Ratio: Up to 85%

Minimum Debt Service Coverage: 1.20