Under Construction; to be completed 2022
Pine Crossing apartments broke ground in summer 2021 is expected to be completed in 2022. The community will consist of 66 units catering to family tenancy. The capital stack consists of a USDA Rural Development 538 Option 3 Construction Advance Loan, Low Income Housing Tax Credit Equity, and a Bridge Loan.
USDA Rural Development 538 Option 3 Construction Advance Loan – $1,554,888
Equity Bridge Loan – $4,656,000