At a glance
From its website, read 2 Nov 2026Neighborhood Impact Investment Fund, Inc. is a loan fund based in Baltimore, Maryland. Its website describes commercial real estate loans and small-business loans. Stated loan amounts run up to $3M. Where it lends: Eligible Baltimore City neighborhoods. The business loan rate it states is 5%.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Website | www.baltimoreniif.org |
|---|---|
| Office (official list) | 2601 North Howard Street, Suite 215, Baltimore, MD 21218 |
What their website says about applying
If you are ready to own your own space, fill out the
sourceplease complete and submit the intake form below.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Commercial real estate loans | Rate: 5% | 5.0% – Fixed | source |
| Small-business loans | Rate: 5% | Interest Rate: 5% fixed | source |
| Commercial real estate loans | Term: 18 mo–2 yr | generally 18–24 months | source |
| Commercial real estate loans | Term: up to 2 yr | Generally up to 24 months | source |
| Commercial real estate loans | Term: up to 3 yr | not longer than (3) years | source |
| Commercial real estate loans | Term: up to 7 yr | Up to 7 Years | source |
| Small-business loans | Term: up to 5 yr | Loan Term: 5 years | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Minimum time in business: 3 years
3+ years of positive operating history
source - Collateral required
1st position lien on property being financed
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 16 Jan 2021 |
| RSSD ID | — (none listed) |
| Address | 2601 North Howard Street, Suite 215, Baltimore, MD 21218 Directions (Google Maps) |
| Website | www.baltimoreniif.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 6 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Partner-run lending products are excluded because they are offered by other lenders. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | — | Direct loans for impactful real estate projects in NIIF's eligible lending area | source |
| Small-business loans | — | Direct loans to small businesses and nonprofits to acquire the properties in which they operate | source |
Loan sizes
Maximum Loan: $1.5 million
sourceUp to $3,000,000
sourceUp to $2,000,000 subject to a pledge of collateral, strength of the guarantor, or other underwritten repayment sources
source
Range used for the size filter: not stated to $3M
Service area
Eligible Baltimore City neighborhoods
As a place-based fund, NIIF invests in eligible Baltimore City neighborhoods that have suffered for decades from lack of access to capital and limited economic expansion.
source
Borrower focus
- Nonprofits
In partnership with Maryland’s Department of Housing and Community Development through the State Small Business Credit Initiative, NIIF is helping Baltimore City nonprofits and small businesses buy their buildings with terms built for community.
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (6)
- https://www.baltimoreniif.org/
- https://www.baltimoreniif.org/financing/from-occupancy-to-ownership/
- https://www.baltimoreniif.org/financing/real-estate-loans/
- https://www.baltimoreniif.org/financing/lending-partnerships/
- https://www.baltimoreniif.org/niif-investments/revitalization-in-upton-for-homeownership/
- https://www.baltimoreniif.org/financing/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Is there a minimum loan amount?
Their website gives a maximum ($3M) but no minimum. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$8.8 million in 4 awards from the U.S. Treasury's CDFI Fund, 2021–2024 (CDFI Equitable Recovery Program; CDFI Program, Financial Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $1,285,000 |
| 2022 | CDFI Equitable Recovery Program | $4,957,678 |
| 2021 | CDFI Program, Financial Assistance | $766,530 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Jun 2024| Total assets | $63M |
|---|---|
| Total liabilities | $51.8M |
| Net assets | $11.3M |
| Total revenue | $10.4M |
| Notes and loans receivable, net (Part X line 7) | $22.7M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending June 2024 (tax year 2023; EIN 83-2643429, filed as “NEIGHBORHOOD IMPACT INVESTMENT FUND INC”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Jun 2022 (990) | $56M | $4.3M | $3.5M | $14M |
| Jun 2023 (990) | $58M | $6.2M | $3.6M | $21.6M |
| Jun 2024 (990) | $63M | $11.3M | $10.4M | $22.7M |
Total assets grew 12% from Jun 2022 to Jun 2024; notes and loans receivable rose 62%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $3M | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 84% of these 184. |
| Total assets, latest IRS Form 990 | $63M | Larger than 78% of the 9 other certified loan funds and venture funds in Maryland with a matched Form 990 (median $17.7M). |
| Business loan rate its website stated (2 Nov 2026) | 5.00% | Prime rate that day: 7.00% (FRED DPRIME), so the lowest stated rate is 2 pts below prime. For an SBA 7(a) variable-rate loan the legal maximum is prime plus 3 to 6.5 points, by loan size. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 84% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Maryland | 9 | larger than 78% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME.
Other certified CDFIs in Baltimore and Maryland
- Baltimore Community Lending, Inc.Loan fund · Baltimore, MDCommercial real estate loans, Affordable housing development loans, Small-business loansVerified
- Harbor Bank of MarylandBank or thrift · Baltimore, MDCommercial real estate loans, Home mortgages, Personal / consumer loans, SBA-backed loans (7(a)/504/Community Advantage)…Verified
- Harbor Bank of Maryland Community Development CorporationLoan fund · Baltimore, MDEquity / venture investmentVerified
- HARBOR BANKSHARES CORPORATIONBank holding company · Baltimore, MDCommercial real estate loans, Home mortgages, Personal / consumer loans, SBA-backed loans (7(a)/504/Community Advantage)…Verified
- Municipal Employees Credit Union of Baltimore, Incorporated d/b/a MECUCredit union · Baltimore, MDOfficial list only
- Neighborhood Housing Services of Baltimore, Inc.Loan fund · Baltimore, MDHome repair / improvement loans, Home mortgagesVerified
- New American Community Lending CorporationLoan fund · Baltimore, MDOfficial list only
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