Low Income Investment Fund

Lender

49 Stevenson St. Suite 300 San Francisco, CA 94105

521 Fifth Ave. Suite 625 New York, NY 10175

People:

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Notes

Website: As a leading community development financial institution (CDFI), LIIF has always been at the forefront of the community development and financial industry since 1984.

Company Activity past 24 months:

Lender company: 5 for $372.8 million

Recent activity as company:

Phipps Houses borrowed $21.4 million from Low Income Investment Fund and NYC Department of Housing Preservation and Development for 1987 Daly Avenue on May 21, 2026.

Breaking Ground borrowed $15.9 million from Community Preservation Corporation and Low Income Investment Fund for 37-25 21st Street, 37-07 21st Street, and 37-12 Rear 22nd Street, Long Island City, Queens on May 19, 2026.

Slate Property Group and Breaking Ground borrowed $295.5 million from Wells Fargo, NYS Housing Finance Agency, NYC Department of Housing Preservation and Development and Low Income Investment Fund for 377 7 Avenue on December 19, 2025.

Shepard Morgan borrowed $8 million from Low Income Investment Fund for 29 West 11 Street on September 30, 2024.

Apex Development Group, Knickpoint Ventures and Forte Preparatory Academy borrowed $32 million from Enterprise Community Partners, Low Income Investment Fund and for 78-02 Queens Boulevard on June 07, 2024.

Gilbane Development borrowed $13 million from Low Income Investment Fund for 1931 Lafayette Avenue on May 09, 2024.

Maddd Equities and Joy Construction borrowed $12.7 million from Low Income Investment Fund and Community Preservation Corporation for 1184 River Avenue, 1164 River Avenue, 1164 River Avenue, 1184 River Avenue, 1164 River Avenue, and others, Concourse, Bronx on March 21, 2024.

SMJ Development borrowed $13.7 million from Low Income Investment Fund for 85-11 68 Road on October 19, 2023.

Joint Ownership Entity New York City borrowed $31.4 million from Low Income Investment Fund for 801 Bryant Avenue on June 29, 2023.

Breaking Ground borrowed $14.1 million from Low Income Investment Fund for 212 West 24 Street on June 28, 2023.

Latest Stories:

• Breaking Ground pays $12M for LIC dev site, owned for 76 years (June 09, 2026)

• Zeta Charter Schools files plans for 156k sf school in Mott Haven (April 21, 2026)

• Zeta Charter pays $29.7M to Knickpoint for dev site in Mott Haven, borrows $167.7M (March 05, 2026)

• Slate pays $260M to Sioni Group for hotel in Penn Plaza, plans affordable resi conversion (December 30, 2025)

• Sioni Group signs $143M refi with Valley for 625-unit hotel to resi conversion in Penn Plaza (July 17, 2025)

• Sioni Group revises Penn Plaza hotel-to-residential conversion with 625 units (December 09, 2024)

• Hotel owner signs $8M construction loan for women’;s shelter in Greenwich Village (October 07, 2024)

• Apex, Knickpoint pay $8M to Surjeet Kaur for charter school dev site in Elmhurst (July 08, 2024)

• SMJ Development signs $85.1M construction loan with city for development in Rego Park (July 05, 2024)

• Gilbane Development pays $11.7M to Asland Capital, Pembroke for parcel in Unionport (May 21, 2024)

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