Industry news from MIAC Analytics, Power Forward Communities, Vesta, Optimal Blue and Merchants Bank.
Tag: Merchants Capital
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.
Dealmaker: Merchants Capital Secures $110M for Washington, D.C. Mixed-Use Workforce Housing
Merchants Capital, Carmel, Ill., secured $110 million in financing for Parkside 8 and Parkside 10, two mixed-use workforce housing developments in Washington, D.C.