Alonzo Mourning, HTG land $47M financing for affordable senior housing
NBA Hall of Famer Alonzo Mourning and Housing Trust Group landed a $47 million financing package for a seniors-only affordable apartment project in Hollywood. Mourning’s AM Affordable Housing and Coconut Grove-based Housing Trust Group started construction of the 96-unit Villa Jordana at 826 South Dixie Highway, according to the developers’ news release. Completion is expected next year. The financing includes $33.8 million in low-income housing tax credit equity syndicated by Raymond James, and a $32 million construction loan and a $10.2 million permanent loan, both from Capital One through Freddie Mac, according to the release. The city of Hollywood also […]This article originally appeared on The Real Deal. Click here to read the full story.
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