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.
Tag: Merchants Capital
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.
Dealmaker: Merchants Capital Secures $141M for Washington Mixed-Use Development
Merchants Capital, Carmel, Ind., secured more than $141 million in financing for Waterfront Station II, a mixed-income mixed-use property currently under construction in Washington, D.C.
Dealmaker: Merchants Capital Secures $71M for Missouri Mixed-Use Property
Merchants Capital, Carmel, Ind., secured $71 million for Wildhorse, a market-rate mixed-use apartment and retail development in Chesterfield, Mo.
Dealmaker: Merchants Capital Provides $18M for California Affordable Housing
Merchants Capital, Carmel, Ind., provided $18.2 million to Eden Housing to rehabilitate two California affordable housing communities: Emerson Arms and Arroyo Vista.
Dealmaker: Merchants Capital Secures $18M for NYC Affordable Housing Capital Improvements
Merchants Capital’s New York office closed an $18.2 million Housing Development Corporation Fannie Mae Risk Share loan for Mannie Wilson Towers, a historic affordable housing development in Manhattan’s Harlem neighborhood.