Merchants Capital announced that it secured more than $100 million in debt and equity proceeds for the acquisition and rehabilitation of Travis Park Apartments, an affordable housing development in Austin, TX. Merchants Capital provided a $69.15 million Freddie Mac four percent Low Income Housing Tax Credit Immediate TEL loan and $37.6 million in LIHTC equity as the syndicator. Merchants Bank provided a $29 million equity bridge loan during the rehab period.
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