Gulf Coast Housing Partnership (GCHP) closed on a $842,000 permanent loan for Country Club Estates, a 62-unit affordable housing development for seniors in Montgomery, AL. NeighborWorks Capital provided a forward commitment for GCHP in late 2018, but the project faced significant construction delays. This new permanent loan extended the loan commitment and increased the loan amount to cover additional project costs.
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Lakes Region Community Developers | Bay Street Apartments
NeighborWorks Capital is pleased to extend a $673,000 construction-to-permanent loan to Lakes Region Community Developers for Bay Street Apartments.