Merchants Capital Secures $70M For Workforce Housing In Elkhart
Merchants Capital, a leading financial services provider, has announced $70 million in financing for the new construction of Flats at Pinecreek, a 252-unit workforce housing development in Elkhart, developed by Holladay Properties.
The financing was secured through a $35 million Freddie Mac Forward Commitment permanent loan and a $35 million construction loan provided by Merchants Bank for Flats at Pinecreek.
Author's summary: Merchants Capital secures $70M for workforce housing.