Photo by Todd Clarke

New Borrowers

Ventana Fund is a non-profit CDFI headquartered in New Mexico. We are dedicated to financing the creation and preservation of affordable multi-family housing by providing low-interest loans for developers who serve New Mexico’s low-income residents and high need communities. Our target markets in New Mexico include low-income populations earning less than 80 percent area median income. Ventana Fund also focuses on hard-to-finance projects, such as older rental projects needing rehabilitation.

Application INQUIRY

If you are interested in applying for a Ventana Fund loan, please complete the below application inquiry and a staff member will be in contact within two business days.

Rent and Income Limits

Ventana Fund is committed to financing affordable housing in low-income communities, underserved by traditional financial institutions.  To fulfill our mission, our loans implement both rent and income limits. Please review the limits for the county in which your property is located.

Rent and Income Limits

Effective May 2023 - May 2024

LOAN REQUIREMENTS

New Mexico Business Requirements

We are pleased you are considering applying for a loan from Ventana Fund. Ventana Fund’s loans are available for New Mexico Businesses. Please review our business requirements prior to setting up your entity to ensure you meet all requirements.

Insurance Requirements

We are pleased you are considering applying for a loan from Ventana Fund. Please review our threshold loan lender insurance requirements prior to finalizing your policy for closing.

Loan Term Sheets

Construction Loan Term Sheet

Thresholds Term Sheet

NEW BORROWER CHECKLIST

Borrower Threshold Loan Checklist

prepayment penalties

During the term of the Threshold Loan, there will be a prepayment penalty. There will be a three (3%) percent penalty on the principal balance of the Loan which will be assessed if the Loan is paid off during the first year of the loan. For year two (2), a two (2%) percent penalty on the principal of the Loan will be assessed if the Loan is paid off during the second year of the Loan. If the Loan is paid off during the third year of the Loan, year three (3) a one (1%) percent penalty on the principal of the Loan will be assessed. There is no prepayment penalty for year four (4) and year five (5) of the Loan.

The prior language represents Ventana Fund’s current policy on prepayment penalties.  This policy is subject to change at any time.  The then current policy shall apply to all loans at loan closing.  For current terms please click here.