Two (7) story elevator apartment buildings consisting of a total of 201 affordable apartments, 3 commercial spaces, 2 community facility spaces, 1 laundry room and 120 parking spaces.

• Built in 2014

• Tax-Credit deal with Raymond James in year 8 of the 15 year project

• Incredible HUD Financing (must be assumed)*

• 100% of the Member Interests are being sold

• The property has no HAP contract Financing: Buyers must assume the 3 current HUD loans with a total balance of $41,516,154 (as of May 2023). The individual balances are $19,512,865.26 of self-amortizing senior debt at 5.5%, a 2nd Interest-Only mortgage of $22,803,288.80 at 1%, and a 3rd Interest-Only mortgage of $500,000 at a 0% rate. All 3 loans have a 30-year term. The two subordinate loans can both be refinanced and extended at the end of their term. The senior loan is self-amortizing.