Loans

Overview

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 Greater New York City. Our funds  provide financing and a level of flexibility generally unavailable from conventional lenders.

We target investments from $250,000 to $750,000 (investments outside this range are considered on an exceptional basis or alongside co-investors) in the form of secured and unsecured loans, loan guarantees, and equity-like securities. The economic terms are determined on a case-by-case basis though interest rates generally range between 4%-6% over maturities of 3-5 years.

SeaChange seeks a constructive on-going dialogue with our nonprofit partners and generally takes a non-voting observer seat on the finance committee of each borrower during the life of our investment. Potential borrowers should also look to see if they are eligible for these resources. SeaChange seeks to partner with groups whose needs are unmet by traditional providers.

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