December 2020

Sycamore at Christenbury
Concord, North Carolina

• Transaction: New Construction under the HUD 221(d)(4) Program
• Total Project Cost: $64,234,617
• EB-5 Financing: $3,000,000
• LP Equity Capital Raised: $10,000,000
• Loan Amount: $44,990,500
• Fixed Interest Rate: 2.88%
• Term: 42 Years
• Estimated Completion Date: August 2022

December 2020

Sycamore at Tyvola
Charlotte, North Carolina

• Transaction: Refinance under the HUD 223(a)(7) Program
• Loan Amount: $37,669,700
• Fixed Interest Rate: 2.96%
• Term: 40 Years

December 2020

Cumberland Green
Millville, New Jersey

• Transaction: Refinance under the HUD IRR Program
• Loan Amount: $11,076,272
• Fixed Interest Rate: 2.58%
• Term: 35 Years

September 2020

Rivers Bend
Carneys Point, New Jersey

• Transaction: Refinance under the Fannie Mae Program
• Loan Amount: $8,500,000
• Fixed Interest Rate: 2.19%
• Term: 10 Years

June 2020

Ashley Park
Raleigh, North Carolina

• Transaction: Refinance under the HUD 223(f) Program
• Loan Amount: $38,521,000
• Fixed Interest Rate: 2.56%
• Term: 35 Years

April 2020

School Bell Apartments
Bear, Delaware

• Transaction: Refinance under the HUD 223(f) Program
• Loan Amount: $23,371,500
• Fixed Interest Rate: 2.79%
• Term: 35 Years

March 2020

Tyvola Centre Apartments
Charlotte, North Carolina

• Transaction: Refinance under the HUD 223(a)(7) Program
• Loan Amount: $25,134,200
• Fixed Interest Rate: 2.94%
• Term: 35 Years

September 2016

Sycamore at Tyvola
Charlotte, North Carolina

• Transaction: New Construction under the HUD 221(d)(4) Program
• Total Project Cost: $51,918,099
• EB-5 Financing: $11,500,000
• Loan Amount: $37,700,000
• Fixed Interest Rate: 3.60%
• Term: 42 Years
• Completion Date: Summer 2018

December 2014

Rivers Bend Apartments
Carneys Point, New Jersey

• Transaction: Refinance under the Freddie Mac Fixed Rate Loan Program
• Loan Amount: $7,693,000
• Fixed Interest Rate: 3.77%
• Term: 10 Year Balloon; 30 Year Amortization

October 2014

Cumberland Green Apartments
Millville, New Jersey

• Transaction: Refinance under the HUD 223(f) Program
• Loan Amount: $12,300,000
• Fixed Interest Rate: 3.46%
• Term: 35 Years

August 2013

Ashley Park Apartments
Raleigh, North Carolina

• Transaction: Refinance under the HUD 223(f) Program
• Loan Amount: $34,648,000
• Fixed Interest Rate: 2.98%
• Term: 35 Years

December 2013

Cumberland Green Apartments
Millville, New Jersey

• Value Enhancement Program
• Total Cost: $3,500,000
• Program Highlights: Acquisition of adjacent land parcel for construction of new leasing club house with expansive and modern fitness center, lighted tennis courts, and, resort style swimming pool and spa; interior unit upgrades with new counter tops and flooring in kitchens and bathrooms, modern appliances in kitchens, and new washers and dryers in each unit

August 2013

Tyvola Centre Apartments
Charlotte, North Carolina

• Transaction: Refinance under the HUD 223(f) Program
• Loan Amount: $28,002,500
• Fixed Interest Rate: 2.98%
• Term: 35 Years

July 2013

Tyvola Centre Apartments
Charlotte, North Carolina

• Value Enhancement Program
• Total Cost: $2,500,000
• Project Highlights: Redesigned/refurbished leasing club house, upgraded kitchens and bathrooms with new counter tops appliances and flooring, new washers and dryers in each unit

June 2013

School Bell Apartments
Bear, Delaware

• Transaction: Refinance under the HUD 223(a)(7)/ 221(d)(4) Program
• Loan Amount: $18,818,700
• Fixed Interest Rate: 3.0%
• Term: 40 Years

January 2013

Ashley Park Apartments
Raleigh, North Carolina

• Community Value Enhancement Program
• Total Cost: $2,500,000
• Project Highlights: Redesigned/refurbished leasing club house with theatre/multi-media room, expansive and modern fitness center, billiard lounge, and indoor half court basketball/sport court as well as lighted tennis courts and resort style swimming pool and spa