Why should I invest in Genesis?

Genesis provides a unique investment opportunity for socially concerned individuals and institutions who want to put a portion of their assets to work for long-term community redevelopment in Maine. Your investment will be used to make loans to sustainable projects that address vital community needs and will help leverage additional public and private support for affordable housing and facilities projects. In return, you receive a modest financial return on your investment and the satisfaction of knowing that your investment is making a difference for Maine residents.

How will my investment be used?

Your investment will provide direct support for affordable housing and community facilities projects. This support will come in the form of a loan to a nonprofit organization that will be repaid over time. As loans are repaid, they become available for new projects and can thus be “revolved” back out for other projects that meet critical community needs.

How do I know that my money is making a difference?

Genesis does not solicit investments beyond our capacity to lend the money for community purposes. Your investment will begin supporting affordable housing and facilities projects across the state soon after we receive it. Through our annual updates, you’ll gain a better appreciation of the impact of your investment. We encourage you to check our website often to see the most up-to-date listing of projects that we are supporting.

What kind of terms do you offer on investments?

Investors in the Genesis Fund choose the amount, term and interest rate based on their financial and social goals. Typical terms are three to five years, with many investors rolling over their initial investment at the end of the initial term of their note. The minimum investment is $1,000. Simple interest is paid annually.

Is my money safe?

Genesis has a 100% repayment record to our investors. While we have never had a borrower default on a loan, we maintain reserves to protect investors from losses in our portfolio and secure our loans with collateral, typically a mortgage on real property. We also have a strong permanent capital position that would enable us to cover any losses.

What will I receive from Genesis once I’ve invested?

Once Genesis has received your Authorization of Terms and investment funds, you will be issued a loan agreement and promissory note. On the anniversary of your investment, we will provide you with an update on our activities and, as appropriate, interest and principal payments. Additional information such as audited financial statements may be provided upon request.

What if I need to access my money before the term of my investment expires?

In the event that unforeseen circumstances may make it necessary to terminate an investment before maturity, we will work with you to repay the principal balance and outstanding interest in a timely manner.

Are there any tax benefits to investing in Genesis?

There are no clearly identifiable tax benefits at this time; however, donations to Genesis are tax-deductible. Authorization of Terms

How do I invest?

Once you have determined the amount, term and interest rate for your investment, you will need to complete an sheet and return it to us with the funds to be invested. You may also contact us at (207) 563-6073 to discuss your investment and complete this form by phone.