Rocky Mountain Communities (RMC) recently closed on a $4,838,867 permanent loan with NeighborWorks Capital for Meeker Commons in Greeley, CO. The 104-unit property is a key element of affordable housing in the city of Greeley, and NeighborWorks Capital’s new 10-year loan will repay existing bank and redevelopment agency financing, allowing the city to invest in new affordable developments. Public agency loans are often locked into specific properties perpetually; being able to free up low-cost public funds for new development is one way NeighborWorks Capital provides new resources for communities .
Learn more about NeighborWorks Capital’s competitively priced, fixed-rate loan capital that is available to members of the NeighborWorks network. Visit our lending solutions page for more information.