Sharing Connexion

At Sharing Connexion, we believe in using real estate expertise to provide solutions for critical nonprofit & affordable housing real estate needs. As a young nonprofit with proven concepts, we are looking for partners to help scale our growth, so we can serve these under-served, unique needs.

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Real Estate Impact Investments

Class

Community Development 

Beneficiaries

General population
Poor, Economically Disadvantaged, Indigent

Description

Real Estate Impact Investing provides necessary funding to nonprofits and affordable housing organizations who are looking to build, develop and rehabilitate their properties but do not have access to capital. We craft strategic impact investments in the form of low-interest loans and gap financing for low-income housing projects and nonprofit program spaces. Sharing Connexion provides important funding sources to ensure that these organizations can purchase properties in their communities and/or expand services to new locations.

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Evidence of Program's Success

Nonprofit social enterprise venture Bud's Warehouse provides opportunities to rebuild lives through career and life-skill development program for employees. In 2016, they were looking for a new facility due to displacement from their original facility. In their search, they desired to expand their warehouse and re-locate to better serve their clientele. Sharing Connexion was able to assist with its capital structure and provide a loan, as a final source of gap financing for the purchase of their facility. Since moving, Bud's Warehouse has seen an increase in sales. Sharing Connexion enjoyed assisting Bud's Warehouse in securing new space to better serve the economic development needs of their community. James Reiner of Belay Enterprises, the parent nonprofit of Bud's Warehouse, writes, "A few years ago, our organization was facing a serious real estate challenge because of the I-70 expansion project. How fortunate it was for us to be referred to Sharing Connexion. They quickly became a key advisor in coaching us through the financial aspects of a nonprofit building purchase. I especially appreciated their creative solutions to financing problems that can sometimes be daunting to community organizations. Sharing Connexion's advice and investment made it possible for us to purchase our building and continue our mission of employing individuals rebuilding lives. We are so thankful for their help!"

Real Estate Rescue

Class

Community Development 

Beneficiaries

General population
Poor, Economically Disadvantaged, Indigent

Description

The Real Estate Rescue program aims to preserve nonprofit and community assets by making key short-term investments to save nonprofit spaces and affordable housing. With the ability to act quickly, Sharing Connexion can acquire property to ensure that nonprofits and housing projects are not displaced. Sharing Connexion can purchase and own the property, so the nonprofit can conduct a fundraising campaign to acquire its facility. For rent restricted units approaching the end of the land use restriction, or for residential properties in gentrifying neighborhoods, Sharing Connexion can act quickly to purchase a property for a partnering affordable housing organization, serving a role as a short-term partner and holding the property until our partner can acquire it.

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Evidence of Program's Success

Extended Hands of Hope, a Colorado nonprofit, offers safe housing and supportive services to sex trafficking survivors, empowering them to move forward with hope and dignity. At their main site, they operate transitional housing, counseling services, and a school. Due to the nature of their services and necessity of safety and privacy, the location of their property is vitally important. When their landlord gave them short notice about selling the property, Extended Hands of Hope needed a solution fast. Under the Real Estate Rescue program, Sharing Connexion was able to quickly acquire the property, becoming property owner and giving Extended Hands of Hope time to fundraise so they could own their property. According to Kristen Harness, the Founder and CEO of Extended Hands of Hope, "The thought of losing this property was devastating for us because it took years to find this home, and it works perfectly for our program. When we met with Sharing Connexion, we immediately realized that we were working with people who actually cared about how this would negatively impact the girls we work with and knew this was a perfect solution for us." At Sharing Connexion, we desire to empower nonprofits with solutions that will give them stability and ability to grow their services. Extended Hands of Hope is now almost ready to own their space, and they have a big vision for the future of their property.

Real Estate Donations

Class

Public, Society Benefit 

Beneficiaries

General population

Description

The Real Estate Donation program assists nonprofits who receive or are designated to receive complex real estate donations. Many large charitable institutions frequently do not accept certain real estate donations or quickly sell and liquidate the property due to complexities or risk aversion in general, especially with leveraged real estate or properties with compliance issues. Sharing Connexion takes title to the property, identifies and makes key improvements, and arranges the sale. With our expertise, we maximize the value of the property, thus growing the assets of the partnering nonprofit. This provides essential capacity building for charitable organizations, while also growing our Capital Fund which is designated for our mission services.


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Evidence of Program's Success

There is a pilot program underway. A detailed case study will be announced by the end of 2019.

Key aspects of this profile information have been reviewed by Community First Foundation staff. Each organization is exclusively responsible for the content that appears on the profile page. Community First Foundation offers general guidance as to the purpose of each area but does not require or encourage charities to include anything in particular in each section.