EN United States
  • AUM $2.4 billion*
    (September 30, 2021)
  • Inception Date 19951
  • Vehicles Available
    • Direct Lending
    • Private Placements
    • Syndication
 

Investment Philosophy

Barings has been a national lender and investor in multifamily Affordable Housing for over 25 years.  We understand and appreciate the multiple facets of this space and how it has evolved over the years.  The building and development of more affordable housing is pivotal to supporting communities across our country.  Our approach provides us the ability and skills to complement the vision and efforts of our sponsors and partners to achieve that goal.

1. Lending and debt servicing activities prior to 2010 occurred at an affiliated firm.

* Represent assets with investment maturity dates of 15 years or more from origination date.

Our Competitive Advantage

  • Experienced Team: We manage all of Barings’ affordable housing debt and equity investment activities, and have been a national lender and investor in multifamily affordable housing for over 25 years.
  • Competitive Solutions: Our in-house team provides creative, best-in-class solutions to sponsors and borrowers that build affordable multifamily housing projects with LIHTC tax-exempt bonds or loans, LIHTC taxable loans, non-LIHTC or workforce housing loans.
  • Focused Credit: A dedicated affordable housing investment committee to ensure consistent credit discipline while appreciating the nuances of each affordable transaction.
  • Commitment to ESG: As part of our commitment to ESG, we invest in a range of projects, including those that serve the homeless, veterans, individuals with mental illnesses, and individuals with medical conditions. We will continue to integrate ESG principles into our investment strategy going forward, whether developing new housing projects in disaster recovery zones or transforming dilapidated public housing projects into vibrant housing communities.
  • Stability: We benefit from support from our parent company, investing capital through multiple market cycles alongside our clients.

Overview of Permanent Loan Terms


 

LOAN TERM:

15–35 years

LOAN SIZE:

$8,000,000 minimum (lower amount can be considered on a case-by-case basis)

AMORTIZATION:

Up to 40 years

GEOGRAPHY:

Nationwide

DEBT SERVICE COVERAGE:

Minimum of 1.15x

LOAN TO VALUE:

Maximum of 90%

PROPERTY TYPES:

Tax-exempt and taxable LIHTC, Mixed-Income and Workforce Housing properties (new construction or extensive rehabs)

RECOURSE:

Non-recourse except for fraud, gross negligence and bad-boy acts

CLOSING TIME:

45 days, if all required underwriting due diligence materials are available


 

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