Procorem is a cloud-based communication platform, a product of ProLink Solutions, designed to meet the needs of the affordable housing industry. Various state housing finance agencies (HFA) nationwide utilize Procorem to communicate with their customers – typically developers, owners, and managers of affordable housing assets. One of the main ways for HFAs to use Procorem is to roll out funding applications, particularly for 9% and 4% Low Income Housing Tax Credits (LIHTC) programs.
Procorem Marketplace is next in the evolution of ProLink Solutions’ technology offerings. ProLink Solutions has invited funding providers in the affordable housing industry to participate on the Procorem platform as alternative funding sources for developers in need of financing.
Let’s say you are a developer who has just been awarded with LIHTC allocations for your new construction project. You probably need to shop for equity as well as construction and permanent loans.
You might be looking for gap financing for your 4% deal. You might have not received LIHTC allocations so might be looking into alternative financing. You might be considering refinancing or repositioning your existing portfolio.
Do these scenarios sound familiar? Why not try Procorem Marketplace? Multiple lenders and investors are waiting to provide pricing on your deal.
How Procorem Marketplace Works
- Submit your project information in 24, simple data fields at www.procorem.com/marketplace.
- Within 24 hours, you and a matching funding provider will be invited to a new Procorem WorkCenter to collaborate.
- The funding provider will provide a term sheet and will take you through the underwriting and closing process.
There is no cost for this service and no requirement for you to sign up for anything else.
Procorem Marketplace is where you can find various financing options for your projects throughout the lifecycle of an affordable housing asset. Try it today and get your project funded!
Procorem was built with the understanding that no matter the industry, business is conducted human-to-human—and our processes and tools ought to reflect it.