Rose Community Capital (RCC) is a team of financing experts with a passion for multifamily housing finance. We strongly believe that high-quality housing and development can transform communities and create opportunities for families at all income levels. A designated FHA Multifamily Accelerated Processing (MAP) and USDA 538 lender, we focus on the origination, underwriting, and placement of FHA and USDA insured multifamily mortgage loans. We have deep knowledge of – and long experience in – navigating the intricacies of FHA, HUD, and USDA requirements and procedures. That can be of significant value to you.
Learn MoreOur Experienced Team
Our company includes industry veterans and former HUD and USDA professionals that are focused on getting your deal to the finish line as quickly as possible. With a genuine passion for what we do and dedication to details, we become not simply your financing facilitator but your trusted partner.
FHA and USDA Knowledge and Experience
We specialize in securing the FHA and USDA 538 backed financing developers and owners need to create and preserve multifamily communities across the country.
Bridge Loans
We help create and preserve affordable and retail assisted housing via access to affordable bridge financing for properties that have as their permanent financing an FHA-insured loan or USDA 538 Guarantee Loan.
FHA New Construction/Sub-Rehab Loans
As a HUD-approved MAP lender, we can arrange for construction and permanent loan financing under the FHA Section 221(d)(4) of the National Housing Act.
FHA Acquisition or Refinance Loans
As a HUD-approved MAP lender, we can arrange for acquisition, refinance, cash-out, moderate rehab and construction loan take-out permanent loans under FHA Section 223(f) of the National Housing act.
USDA 538 Loans
As an USDA 538 approved lender, we can arrange for financing through the Loan Guarantee Program, which provides fully amortizing loans with fixed rate terms up to 40 years for qualified Affordable/Workforce Rural Multifamily projects. Loan proceeds may be used for new construction and or acquisition/rehab projects.
Our Person-to-Person Approach
At Rose Community Capital, we deal with numbers—but we work with people. Over our 20 years of success, we have earned the trust of clients like you by adhering to the highest standards in consistent execution, thorough attention to detail, and unquestioned integrity.
Closings
Explore our closings to see how we make a positive social impact.
Type of Loan: 221(d)(4) Sub Rehab
Loan Amount: $20,334,300
Rose Community Capital is pleased to announce the recent substantial rehab financing for Sunny Garden Apartments (4% LIHTC) located in La Puente, CA. Sunny Garden Apartments is a 95-unit senior affordable project that provides income-restricted units at 50%, 80% and 120% AMI.
Type of Loan: 241(a) Sub-rehab with LIHTC
Loan Amount: $1,300,000
Rose Community Capital is pleased to announce the closing of a FHA 241(a) sub-rehab loan for Sacred Heart Manor located in Lorraine, Ohio. Sacred Heart Manor is a 51-unit Senior Section 8 property that will be rehabbed using a combination of FHA loan proceeds and 4% LIHTCs. The 241(a) supplemental loan will combine with the existing 223(f) first mortgage to create a blended interest rate at the property. This structure allowed the borrower to preserve the very low interest rate on the first mortgage and add new debt to the project to support the rehab.
Find out moreType of Loan: Bridge to FHA
Loan Amount: $6,175,000
Rose Community Capital is pleased to announce a recent Bridge to FHA financing for an affordable housing community known as Ashtabula Towers, in Ashtabula, Ohio. The Owner will rehab the project with an allocation of Low-Income Housing Tax Credits (LIHTCs) made available by the state of Ohio. The perm financing is expected to close in July, 2021.
Find out moreType of Loan: 223(f) 3-YR Rule
Loan Amount: $2,500,000
Rose Community Capital is pleased to announce the recent refinance of International House of San Tomasso. This 40-unit townhouse style project is located in Akron a community situated in the northeastern portion of Ohio; approximately 39 miles south of Lake Erie. The project is a joint venture with a refugee resettlement organization that works to provide affordable and safe housing to recently immigrated families.
Find out moreType of Loan: Bridge to FHA
Loan Amount: $4,500,000
Rose Community Capital is pleased to announce the closing of our first Construction/Bridge Loan: Towne Square Apartments in Tulsa, OK. Towne Square consists of 145 units of PBRA housing available to households that income qualify at 50% of AMI.
Find out moreType of Loan: 223(f) 3-YR Rule
Loan Amount: $860,000
Rose Community Capital is pleased to announce the recent closing for Annunciation Terrace located in Akron, OH. Annunciation Terrace is a 50-unit Senior 4% Bond/LIHTC Project.
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