Frequently Asked Questions

Location: Georgetown Main Street, Texas
Photo Credits: Rudy Ximenez

  • RePurpose Capital invests in adaptive reuse projects which include substantial measures to improve the operational performance of a building. We prioritize investments in rehabilitation projects in disinvested and underserved communities.

  • RPC prioritizes investment in buildings that have been placed on local, state or federal registers of historic buildings. However, RPC will consider investments in non-designated buildings that bring substantial benefits to their communities.

  • No. However, RPC prioritizes investments in buildings that are 50 years of age or older.

  • We welcome applications from developers, nonprofit organizations, and community groups that are committed to reusing and improving the performance of older and historic buildings. All applicants must have site control (either own their project or have the option to purchase a site) to be considered for financing.

    • Predevelopment Line of Credit: $50,000–$500,000 for up to 24 months, supporting feasibility studies, zoning approvals, and other soft costs.

    • Construction to Mini-Perm Loans: $200,000–$1.25 million for up to 24 months to covering short-term financing of real estate construction property; once a building is placed in service, this loan can be converted to permanent financing for up to 240 months.

    • Bridge Loans: $5 million–$8 million for up to 36 months, ideal for larger adaptive reuse projects, including those utilizing Historic Tax Credits. Available only to clients of the National Trust Community Investment Corporation.

  • New building construction releases a lot of pollutants into our air. RePurpose Capital is the only national loan fund that is exclusively dedicated to financing adaptive reuse projects that also improve the performance of a building. Every RPC project helps improve environmental quality by reducing the need for new construction and ensuring improved building operations.

  • Technical Assistance is currently available on a limited basis. Check back soon for updates on our technical assistance program.

  • Item descriptionRePurpose Capital is a subsidiary of the National Trust for Historic Preservation. We share the National Trust’s commitment to helping people reactivate and enjoy America’s historic places while addressing the urgent challenges our society faces like the need to create more housing units and high-quality space to support entrepreneurs. We support the National Trust’s broader goals of helping improve our environment and catalyze community renewal through preservation-driven economic development.

  • RPC is led by Patrice Frey, former President and CEO of MSA (2013-2022), and evolved directly as a response to the needs of communities in Main Street America’s network of communities. Main Street America is a critical partner of RPC’s, and qualifying projects submitted from within the MSA network are given priority consideration. Learn more about Main Street America.

  • The National Trust Community Investment Corporation is a leader in financing preservation projects using Historic Tax Credits, New Markets Tax Credits, and also invests in Renewable Energy Tax Credits. The NTCIC and RPC teams collaborate closely, enabling RPC to build on NTCIC’s decades of expertise leveraging innovative financing tools to support rehabilitation projects and expanding NTCIC client’s access to new sources of financing.

  • The African American Cultural Heritage Action Fund, a program of the National Trust, has raised $150MM to support the preservation of African American historic sites and cultural heritage. RePurpose Capital and the Action Fund work together to identify projects that can benefit from both the Action Fund’s grant program and lower cost debt offered by RPC.

  • To learn more, please contact us at info@repurposecap.org.