International House of San Tomasso
Rose Community Capital is pleased to announce the recent closing for International House of San Tomasso. The property is a 40-unit townhouse style project located in Akron, OH. This area is located in the northeastern portion of Ohio, approximately 39 miles south of Lake Erie. The property is a joint venture with a refugee resettlement organization.
The purpose of the refinancing was to retire the remaining construction debt and secure long term permanent financing within the current low interest rate environment. The property was developed with 4% bonds/ LIHTCs and soft financing from the International Institute of Akron.
Type 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.
Completed