In an effort to rehabilitate the 28-unit North Capital Townhomes, Related Capital came up with $1.6 million in equity for tax credits, and its affiliate, Charter Municipal Mortgage Acceptance Co., supplied just over $3 million in revenue bond investment-produced financing for the property. St. Paul Senior Living at Wayne Place--a 56-unit, four-story building being constructed by St. Paul Community Development Corp.--received tax credit financing totaling $2.4 million from Related Capital.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
