Merchants Capital Delivers $193M+ for 504 Units of Affordable Family and Senior Housing in Rocklin California
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Merchants Capital Provides $193M in Financing for Two Affordable Housing Projects in Rocklin, California
ROCKLIN, CALIF. — Merchants Capital has provided roughly $193 million in financing for The Frances and The Steven, a pair of affordable housing developments in Rocklin, about 20 miles north of Sacramento. Developed by USA Properties Fund, the communities will provide 504 new affordable apartments for seniors and families across a range of income levels. Financing for The Frances includes a $72.1 million private placement bond loan through Allian…
Merchants Capital Delivers $193M+ for 504 Units of Affordable Family and Senior Housing in Rocklin California
Leading financial services provider Merchants Capital announced $193.8 million in total financing provided for the construction of The Frances and The Steven, a pair of low-income housing tax credit (LIHTC) developments to be built in Rocklin, Calif. Developed by USA Properties Fund, Inc., the communities will provide 504 new affordable apartment homes for seniors and […] The post Merchants Capital Delivers $193M+ for 504 Units of Affordable Fam…
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