Erie Point

Overview

Deal Type Low Income Housing Tax Credits
Equity Capital Markets
Construction
Size $10,400,000 Debt $8.27 Million Equity
Rehab/Construction
Client & Transactional Partners Erie Point
The Community Builders, Inc.

Summary

Erie Point will be a redevelopment of eight sites to construct nine buildings with forty units of housing. The development will also include two playgrounds and a parking lot with 57 tenant parking spaces. Of the eight one-bedroom, six two-bedroom, and 26 three-bedroom units, 20 will be supported by an Empire State Supportive Housing Initiative award to provide supportive housing for survivors of domestic violence in households up to 50% of area median income (AMI). Eight units will serve households up to 30% AMI with a 20-year Project Based Section 8 contract, while the remaining 12 units will target households up to 60% AMI.

In addition to the equity investment by KCDC, Community Preservation Corporation is providing a permanent loan of $2.36 million and the project is receiving $2.9 million from a State of New York home loan, $900,000 from the Federal Housing Trust Fund, and sponsor capital of $476,000.

Recent Deals

July 2022

Lofts on Main

$14.3 Million

Adaptive Reuse and New Construction

Construction

lofts-on-main
June 2022

 

$126.9 Million

Educational Facilities Revenue Bonds

Sole Manager

Debt Capital Markets

depauw-university
June 2022


Series D Funding

led by

Morgan Stanley Expansion Capital

$140 Million

Exclusive Financial Advisor

Mergers & Acquisitions

platform-sh
June 2022

Darby Crossing

$74 Million

Construction and Private Placement Loan

Construction
Private Placement

darby-crossing
June 2022

the parent company of

AEP Transmission Company, LLC

$550 Million

Senior Notes

Joint Bookrunner

Debt Capital Markets

aep-transmission-company,-llc
May 2022

has received a strategic investment from

 

Exclusive Financial Advisor

Mergers & Acquisitions

valta-energy
May 2022

 

a portfolio company of

has been acquired by

 

Exclusive Sell-Side Advisor

Mergers & Acquisitions

thermogenics-inc-
May 2022

 

Tiburon Place

$53 Million

4% bond LIHTC and State Housing Equity

Construction

tiburon-place
May 2022

 

$500 Million

Senior Secured Credit Facility

Joint Bookrunner
Joint Lead Arranger

Debt Capital Markets

delaware-basin-resources-llc
May 2022

 

Cheshire Station

 

$17.6 Million

Acquisition

Lender

CMBS

cheshire-station
May 2022

ACG Portfolio-Oakland Glen MHC

ACG Portfolio-Clayton Acres MHC

$59.5 Million

Refinance

Lender

Fannie Mae

acg-portfolio
May 2022

 

Stonetown - North Pines

Stonetown - Country Meadows

$82 Million

Acquisition

Lender

Fannie Mae

stonetown-trinity-portfolio
May 2022

Sawgrass Point

$28.5 Million

Refinance

Lender

Fannie Mae

sawgrass-point
May 2022

 

Floorplan Inventory Financing and Commercial Real Estate Lending

Lender

Mergers & Acquisitions

great-falls-subaru
May 2022

a portfolio company of

has acquired

 

$545 Million

Senior Secured Credit Facilities

Administrative Agent
Joint Bookrunner
Left Lead Arranger

Debt Capital Markets

congruex-group-llc
May 2022

 

$2.55 Billion

Senior Secured Credit Facilities

Co-Documentation Agent
Joint Lead Arranger

Debt Capital Markets

penn-national-gaming,-inc-
May 2022

 

$95 Million

Senior Secured Credit Facilities

Administrative Agent
Joint Lead Arranger
Sole Bookrunner

Debt Capital Markets

doyon-limited
April 2022

 

Rego Park II

$11 Million

Refinance

Lender

CMBS

rego-park-ii

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