Enterprise makes high-impact mezzanine debt investments in market-rate housing developments, some with an affordable component. Projects can be multifamily for-sale or rental, and are often located in transitional neighborhoods in metropolitan areas experiencing strong housing demand. Our mezzanine loans are targeted to projects
- With units affordable to households at 80-120% of AMI (workforce housing)
- That contribute to “smart growth” objectives
- That help create a mixed-income community in
an emerging market
- That provide enhanced access to commercial services
and job opportunities
- That fill an equity gap
Our portfolio to date
- Financed $6.4 million resulting in 109 for-sale units
- Residential condominiums, lofts; New construction
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West 115th Street Lofts will include 28 market-rate and seven moderately-priced residential condominium units, helping to create a "smart-growth," mixed-income community and contributing to the sustainability of the neighborhood.
Project Profile>> |
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