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.
