NeighborWorks Capital recently closed a $700,000 permanent loan with Lakes Region Community Developers for the extensive rehabilitation of Harvey Heights Meredith, a 25-unit affordable development in Meredith, NH. LRCD is using 9% LIHTC equity, USDA RD 515 financing, and subsidies from the state of New Hampshire to significantly improve the energy efficiency of the 40-year-old property. NC agreed to a second position, behind the RD loan, to support this important development.
To learn more about permanent loans, contact Lanie Wasserman, Senior Loan Officer, at lwasserman@neighborworkscapital.org.
