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Merchants Capital Secures $18 Million for Capital Improvements to Historic Affordable Housing Development in Harlem, New York | MultifamilyBiz.com

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Merchants Capital Secures $18 Million for Capital Improvements to Historic Affordable Housing Development in Harlem, New York | MultifamilyBiz.com

NEW YORK, NY - The New York office of mortgage banking company Merchants Capital today announces the closing of a $18.2 million Housing Development Corporation (HDC) Fannie Mae Risk Share loan for Mannie Wilson Towers, a historic affordable housing development located in the Harlem neighborhood of Manhattan. The securement of this funding represents the first HDC Fannie Risk Share loan closed with Merchants Capital, a loan product uniquely created by the company. The loan has a 30-year term...

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Merchants Capital Secures $18 Million for Capital Improvements to Historic Affordable Housing Development in Harlem, New York | MultifamilyBiz.com

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Merchants Capital Secures $18 Million for Capital Improvements to Historic Affordable Housing Development in Harlem, New York | MultifamilyBiz.com

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