Lincoln Tower Apartments
|Deal Type||Fannie Mae|
|Size||$11 Million||Our Role||Lender|
Lincoln Tower Apartments is an existing 9 story building comprised of 95 affordable apartment units for seniors. All units will operate under a 20-year HAP contract. There is no HAP overhang to market rents. Although the property will operate under the HAP rents, it is being re-syndicated under the LIHTC program with all units restricted at 60% AMI. The property amenities include game room, clubhouse, common laundry, elevator, trash shoot, and a community garden.