Cleveland Housing Investment Fund

Overview

Size $20 Million
Term Debt Facility and Equity Investment

Summary

Key Community Development Lending & Investment provided a $10 million term debt facility and a $10 million equity investment to the Cleveland Housing Investment Fund, a non-profit CDFI based in Cleveland, Ohio. The objective of CHIF is to create and facilitate the construction and rehabilitation of approximately 2,500 - 3,000 homes within the corporate limits of the City of Cleveland. CHIF will emphasize funding for “missing middle” and workforce housing, with the specific aim of generating disposable income and creating wealth for households located in targeted neighborhoods. We want to thank the CHIF for their commitment and for making a difference throughout Cleveland.

KBREC page disclosure

Banking products and services are offered by KeyBank National Association. All credit products are subject to collateral and/or credit approval, terms, conditions, and availability and subject to change.

Recent Deals

March 2025

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$1 Billion

Convertible Senior Notes due 2030

Co-Manager

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March 2025

sandbrook capital

acquired

intellirent

Senior Secured Credit Facilities

Sole Lead Arranger
Administrative Agent

intellirent
March 2025

imagefirst

a portfolio company of

caleracapital

$625 Million

Senior Secured Credit Facilities

Joint Lead Arranger
Joint Bookrunner

imagefirst
March 2025

terra vet

has received an entity-level preferred equity investment from

sculptor

Sole Placement Agent

terravet-reit-inc

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