Our Promissory Notes offer an opportunity to invest in a diversified, direct loan fund with over 865 investors. The loan fund has been at the heart of Reinvestment Fund’s work since our founding in 1985 and is largely responsible for the many projects we have funded over the years. It fuels our innovation, allowing us to create and test new financing products to meet the needs of our market. Our investors include school teachers and CEOs, faith-based organizations, family foundations, banks and civic organizations.
Reinvestment Fund is among a handful of CDFIs with a notes program that supports the triple bottom line. Our investors earn a modest financial return while supporting socially and environmentally responsible development projects that benefit low-income communities. Promissory Notes start at $1,000 and can go up to $5 million.
Rates and terms
1.75% with a three to four year term
2.25% with a five to six year term
2.75% with a seven to nine year term
3.50% with a ten to fourteen year term
4.50% with a fifteen year term
Since 1985, our Promissory Notes program has maintained a 100% repayment rate – plus interest – to our community of investors, and has made over $1.9 billion in loans to community businesses. Our average investor tenure is 7 years.
We take great care to maintain reserves to protect investors’ money. Investments in our loan fund are not insured by the government, nor are they tax-deductible charitable gifts.