Developments > Highland Glen 1
MHIC provided $15 million – as the lead lender and participant in a $47.25 million acquisition loan – to preserve a 180-unit affordable rental property for seniors and disabled residents.
Highland Glen 1
Project at a Glance:
Location:
Westwood
Development Type:
Rental,Senior Housing
MHIC Financing:
$15,000,000 in debt financing, $16,330,825 in LIHTC financing
Sponsor:
Beacon Communities
Number of Units:
180
MHIC provided $15 million – as the lead lender and participant in a $47.25 million acquisition loan – to preserve a 180-unit affordable rental property for seniors and disabled residents.