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 $361.2 million

Recent activity as company:

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 and Low Income Investment Fund 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.

Barone Management borrowed $8.1 million from Low Income Investment Fund for 629 Courtlandt Avenue on June 23, 2023.

Knickpoint Ventures borrowed $5.9 million from Low Income Investment Fund for 281 Walton Avenue on June 28, 2022.

Latest Stories:

• 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)

• SMJ Development pays $12.5M for 133-unit dev site in Rego Park (October 27, 2023)

• Barone Management signs $8.1M construction loan for charter school in Melrose (August 17, 2023)

• Breaking Ground signs $14.1M rehab construction loan for 180-unit rental in Chelsea (July 21, 2023)

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