Merchants Capital, Carmel, Ind., announced it secured $17.1 million in financing for a supportive housing development in Indianapolis for households recovering from addiction.
Tag: Merchants Capital
Industry Briefs, April 15, 2024
Industry news from MIAC Analytics, Power Forward Communities, Vesta, Optimal Blue and Merchants Bank.
Industry Briefs, April 12, 2024
Industry news from MIAC Analytics, Power Forward Communities, Vesta, Optimal Blue and Merchants Bank.
Dealmaker: Merchants Capital Secures $17.4M in Equity Financing in Indiana
Merchants Capital, Carmel, Ind., secured $17.4 million in Low-Income Housing Tax Credit equity financing for the construction of an affordable senior property in Fort Wayne, Ind.
Dealmaker: Merchants Capital Secures $320 Million for Bronx Public Housing Development
Merchants Capital, Carmel, Ind., provided more than $320 million in financing to support renovations at Edenwald Houses in the Bronx, New York.
Dealmaker: Merchants Capital Secures $26M for Puerto Rico Multifamily
Merchants Capital’s New York office secured $25.9 million to renovate and upgrade Mirador Las Casas, a Section 8 and Low-Income Housing Tax Credit multifamily property in San Juan, Puerto Rico.
Dealmaker: Merchants Capital Secures $77M for St. Paul Affordable Housing Project
Merchants Capital arranged the debt financing for Soul totaling more than $77 million. The firm secured a $33 million Merchants Bank of Indiana construction loan, a $16.6 million MBI equity bridge loan and a $27.45 million Freddie Mac Tax-Exempt Loan to comprise the total $77 million. RBC Capital Markets served as the equity provider for the project.
Dealmaker: Merchants Capital Finances $13M in Gary, Ind.
Merchants Capital provided more than $13 million in financing to a joint venture between Gorman & Co. and the Gary, Ind. Housing Authority to rehabilitate Carolyn Mosby Apartments.
Dealmaker: Merchants Capital Completes $214M Freddie Mac Transaction
Merchants Capital and Merchants Bank of Indiana, Carmel, Ind., completed a $214 million securitization of 14 multifamily mortgage loans secured by 24 mortgaged properties through a Freddie Mac-sponsored Q-Series transaction.
Dealmaker: Merchants Capital Provides $104M for Harlem Affordable Property
Merchants Capital’s New York office provided $104 million in financing for Harlem River Houses and the adjacent Harlem River II Campus, collectively known as Harlem River Houses I and II.