February 11, 2020 Comments Off on Align Finance Ready with $130M Affordable Housing Fund Views: 739 National News, West

Align Finance Ready with $130M Affordable Housing Fund

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San Francisco-based debt fund manager Align Finance Partners has raised $130 million for its tax-exempt bond fund, Align Affordable Housing Bond Fund, created to help investors access a tax-efficient real estate investment vehicle and support the development of affordable housing communities.

Launched in 2018, the fund is the first closed-end investment vehicle for Align Finance Partners, and it will focus on acquiring, originating and securitizing tax-exempt bonds issued in connection with the acquisition, development, renovation and operation of affordable housing properties.

A majority of Align’s management currently own and operate a portfolio of over 16,000 affordable housing units across the United States.

According to Align chief originator Steven Fayne, “Align has created loan programs that are unique and address the needs of the affordable housing borrower community. We intend for Align to be the most innovative tax-exempt lending platform, with flexible solutions to meet borrowers’ needs.”

Connect With Align Finance Partners’ Fayne

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