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Merchants Capital Secures $56.5M for 152-Unit Affordable Housing Development Rock Ridge Apartments in Rhode Island

Summary by Yield PRO
Leading financial services provider Merchants Capital announced $56.5 million in debt and tax credit equity financing for the acquisition of Rock Ridge Apartments, a 152-unit multifamily housing development in Woonsocket, Rhode Island and developed by The BLVD Group (BLVD). Merchants Capital provided $23.8 million in Fannie Mae Immediate Tax-Exempt Bond Collateral (MTEB) permanent financing and […] The post Merchants Capital Secures $56.5M for 1…
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Yield PRO broke the news in on Thursday, May 8, 2025.
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