Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans

📋 Eligible Entities - Social economy enterprises (cooperatives, non-profits, community organizations) - Registered charitable organizations - Social enterprises with demonstrated social mission - Community-based organizations operating in Canada - Organizations must be legally established and in good standing - Must demonstrate capacity to repay and manage real estate assets - Preference for organizations with established track records ### 💰 Funding Details - Loan Amount: $50,000 to $2.5 million per project - Coverage Ratio: Covers up to 31.5% of eligible project costs - Repayability: Loans must be repaid (non-forgivable) - Loan Terms: Patient capital structure with flexible repayment schedules - Interest Rate: Typically below-market rates; specific rates vary by project risk assessment - Matching Requirement: Applicant must secure 68.5% of project costs through other funding sources (owner equity, bank financing, grants, etc.) - Disbursement: Funds released upon meeting project milestones and conditions ### 🛠️ Approved Expenses - Land acquisition for social economy projects - Building purchase or existing real estate acquisition - New construction of facilities to support social mission - Renovation and rehabilitation of existing buildings - Infrastructure improvements directly tied to real estate - Accessibility upgrades to facilities - Real estate costs directly related to organizational operations - Cannot be used for working capital, operational expenses, or debt refinancing unrelated to real estate ### ⚠️ Conditions & Milestones - Social Mission Alignment: Organization must demonstrate clear social, environmental, or community benefit - Financial Viability: Applicant must provide detailed financial projections and repayment capacity analysis - Matching Funds: Minimum 68.5% of project costs must be secured from other sources before disbursement - Third-Party Appraisal: Independent real estate valuation required - Legal Structure: Proper organizational registration and governance documentation required - Accountability: Regular financial reporting and impact measurement required throughout loan term - **Asset