Merchants Capital Secures $10M for Kansas Affordable Housing Development

Merchants Capital Secures $10M+ for 121-Unit Multifamily Affordable Housing Development in Lawrence Kansas

Leading financial services provider Merchants Capital announced $10.8 million in permanent financing for Floret Hill, a 121‑unit affordable housing development in Lawrence, Kansas, established as part of a city-supported initiative to expand affordable housing supply. Merchants Capital secured a Freddie Mac Unfunded Forward TEL loan for Floret Hill. The capital stack also includes federal and […] The post Merchants Capital Secures $10M+ for 121-…

Merchants Capital Secures $10M for Kansas Affordable Housing Development

Merchants Capital announced $10.8 million in permanent financing for Floret Hill, a 121-unit affordable housing development in Lawrence, Kansas, established as part of a city-supported initiative to expand affordable housing supply.Merchants Capital secured a Freddie Mac Unfunded Forward TEL loan for Floret Hill. The capital stack also includes federal and state low-income housing tax credit equity and hard and soft debt financing. The City of L…