Merchants Capital announced that it secured more than $14.3 million for the development of Union at Purple Heart Trail, a 240-unit affordable housing community in Wichita, KS. Merchants Capital provided a tax-exempt $14.3 million forward-committed private placement loan for Union at Purple Heart Trail. It is the first four percent tax-exempt private placement loan closed with Merchants Bank.
Related Posts
R4 Capital Surpassed $10.6B in 2024 Including $100M Largest Single Asset Investment
R4 Capital and R4 Capital Funding (R4CF), R4’s tax-exempt lending platform, announced that in 2024 it surpassed $10.6 billion in equity and mortgage financing since inception.
CohnReznick Elevates 16 Professionals to Partner/Principal
CohnReznick LLP announced that it has elected 16 professionals to its partnership, effective Feb. 1, 2025.
AAMCI –Development, LLC Announces Acquisition of Stonecroft Village in NC
AAMCI – Development, LLC announced the acquisition of Stonecroft Village, in Gastonia, NC, a 72-unit property built in 1983 with 100 percent Project-Based Rental Assistance.
Merchants Capital Secures $88 Million+ for Iowa-based Affordable Housing Community
Merchants Capital announced that it secured more than $88 million in financing for Union at Bluffs Run, a new 192-unit affordable housing community in Council Bluffs, IA.