Genesis LA

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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 serves as in-house counsel for Genesis LA, she drafts and reviews transaction documents for the Genesis Community Investment Fund and works closely with outside counsel on New Market Tax Credit Program loans. She facilitates and monitors the closings of transactions and repayment of loans and oversees management and implementation of compliance systems.

Ms. Waybright brings a wealth of real estate knowledge to Genesis LA acquired as a Real Estate and Transactional Attorney for Spierer, Woodward, Corbalis & Goldberg. As an Associate for the firm, she drafted and negotiated terms of real estate and business transactions including documents related to residential and commercial purchase and sale agreements, lease agreements, escrow, title and loans, asset purchase and shareholder agreements. Ms. Waybright also worked for the law offices of Brian Lerner and the Los Angeles Unified School District’s Office of General Counsel.

Ms. Waybright has a Juris Doctor from the University of California, Hastings College of the Law where she was a member of the Hastings International and Comparative Law Review. She is admitted to the California Bar. Ms. Waybright holds a Bachelor of Arts degree from the University of California, Davis with majors in International Relations and Economics and a minor in Managerial Economics.