Genesis LA

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:

Maximum Loan Amount: $4,000,000 per project or $6,500,000 per borrower

Term: Generally up to 10 years

Loan-to-Value Ratio: Up to 85%, with ability to make unsecured loans

Interest Rate: varies based on market trends and cost of capital

Minimum Debt Service Coverage: 1.20

Jessica Waybright

General Counsel

Jessica Waybright joined Genesis LA in 2008 and serves as General Counsel. She reviews loan due diligence, assists with loan structuring, and both drafts and reviews loan documents. She also oversees program compliance with government and private institutions.

Prior to joining Genesis LA, Ms. Waybright worked as a Real Estate and Transactional Attorney for Spierer, Woodward, Cobalis & Goldberg, where she drafted and negotiated terms of both real estate and business transactions.

Ms. Waybright earned a Bachelor of Arts in International Relations and Economics from the University of California, Davis and earned her Juris Doctor from the University of California, Hastings College of Law. She is admitted to the California Bar.