SeaChange – through its affiliated funds – makes flexible, high-impact loans to support the real estate, working capital and expansion capital needs of nonprofits working in New York City. The funds managed by SeaChange provide a level of flexibility generally unavailable from conventional lenders. We target investments from $250,000 to $750,000 (investments outside this range will be considered on an exceptional basis and/or alongside co-investors) in the form of secured and unsecured loans, loan guarantees, equity, and equity-like securities. The economic terms are determined case-by-case but currently range from 0%-6% interest over terms of between 3-5 years. SeaChange seeks to be in a constructive on-going dialogue with our borrowers and generally takes a non-voting observer seat on the finance committee of each borrower during the life of the investment.