Holding on to a historic hotel

Share This Post

NeighborWorks Capital recently closed a $720,000 mini-perm loan to Eden Housing to refinance an older NC loan on the historic Skeels Hotel in Morgan Hill, CA. A small building with 13 affordable apartments and a noted restaurant on the ground floor, Skeels is a historic landmark, visited by the Crown Prince of Sweden in 1926! NC’s five-year loan allows Eden Housing to hold the property while they work to structure a scattered site recapitalization on several affordable housing properties they own in and around Morgan Hill.

Subscribe To Our Newsletter

Stay up to date with NeighborWorks Capital

More To Explore

NeighborWorks Capital Deploys $22 Million to Fund Permanent Multifamily Loans in Partnership with Charles Schwab Bank

On August 30, 2022, NeighborWorks Capital received its largest investment to date, a $25 million facility from Charles Schwab Bank to fund permanent multifamily loans. One year later, NeighborWorks Capital is pleased to report that 90% of the facility has been utilized and $22 million of long-term, fixed-rate permanent financing has been deployed to members of the NeighborWorks network.

Read More »

Senior Accountant

The Senior Accountant will report to the Controller and will directly assist the Finance Team with a wide range of tasks and projects related to financial reporting, budgeting and forecasting.

Read More »

Visiting Rocky Mountain Communities

NeighborWorks Capital Portfolio Manager Vince Episcopo recently traveled to Colorado to visit Rocky Mountain Communities (RMC), an organization that has been providing affordable housing and resident-focused services in Colorado for over 30 years.

Read More »