Prospect House | Neighborhood Development Services

Share this post

Neighborhood Development Services (NDS) recently closed a $752,482 permanent loan with NeighborWorks Capital for Prospect House in Ravenna, OH. By refinancing at an affordable interest rate, NDS will be able to keep 66 apartments affordable for low- and very low-income seniors. NDS purchased and rehabilitated the property in 2007 using LIHTC equity and state/local subsidy loans, which have been maintained through this refinancing.  

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. 

Learn more about

Our Solutions

NeighborWorks Capital’s mission is to support the high-impact community development projects and growth opportunities of every member of the NeighborWorks America network. We do that by providing flexible, responsive, and affordable financing solutions

Related Posts

NeighborWorks Capital is pleased to extend a $2 million line...
NeighborWorks Capital is pleased to provide a $2,000,000 predevelopment line...
We are excited to share with you the next installment...
NeighborWorks Capital is pleased to provide a $2 million predevelopment...