Evidence version 1 · borrower profile
Borrower profile: Riverbend Community Land Trust
Showing evidence version 1 (ev_riverbend_1), the deal's active version.
A synthetic document, split into the passages a draft memo can quote. The table below lists the facts the checks read from it, each with the passage that states it. The deal and its documents · Evidence versions.
Organization
Riverbend Community Land Trust was incorporated in Arizona in 2014 and holds a determination letter under section 501(c)(3). Its mission is permanently affordable housing in Pima County. It is governed by a nine-member board, one third of whom are residents of trust homes.
cited as borrower-profile/bp-1
Portfolio
The trust stewards 118 homes: 76 owner-occupied homes on ground leases and 42 rental homes acquired between 2018 and 2024. Average rental occupancy over the last three years was 97 percent. These 42 existing rental homes are separate from the 42 homes the Riverbend project would acquire; with the project the trust would hold 84 rental homes.
cited as borrower-profile/bp-2
Loss history
The trust has borrowed from two community development lenders since 2016. It has never missed a scheduled payment and has recorded no loan losses in nine years of operation.
cited as borrower-profile/bp-3
Management
The executive director has led the trust since 2017 and previously managed a 300-unit affordable portfolio. Finance is led by a controller with eight years at the organization; audits are prepared by an independent regional firm.
cited as borrower-profile/bp-4
Facts the checks read from this document
Wide table: scroll sideways to see every column.
| Fact | Value | Stated in |
|---|---|---|
| Legal form stored as legal_form | 501(c)(3) nonprofit community land trust | Organization |
| Sector stored as sector | affordable housing | Organization |
| Themes stored as themes | affordable housing | Organization |
| Homes in the borrower's portfolio stored as portfolio_units | 118 | Portfolio |
| Rental occupancy stored as occupancy_pct | 97% | Portfolio |
| Loss history stored as loss_history | no loan losses in nine years; no missed payments | Loss history |