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Merchants Capital Arranges $10.8M in Financing for Affordable Housing Development in Kansas
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Merchants Capital Arranges $10.8M in Financing for Affordable Housing Development in Kansas
LAWRENCE, KAN. — Merchants Capital has arranged $10.8 million in permanent financing for Floret Hill, a 121-unit affordable housing development in Lawrence. Merchants Capital secured a Freddie Mac Unfunded Forward TEL loan for the project. The capital stack also includes federal and state low-income housing tax credit equity and hard and soft debt financing. The City of Lawrence donated 12 acres of land and committed more than $1 million in Affo…
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