Finca Serena

Overview

Deal Type Construction
Debt Capital Markets
Equity Capital Markets
Size $40,600,000
Construction & Permanent loan with LIHTC Equity
Client & Transactional Partners Finca Serena
UP Holdings and Self Help Enterprises

Summary

Finca Serena will be a new construction of a blended occupancy property that will offer permanent supportive housing for homeless individuals and families in Tulare County, California.

KeyBank provided a $23MM construction loan, a $2.5MM permanent loan and $15MM in LIHTC equity. The development received support from the California Department of Housing and Community Development who awarded the project $17MM in funding under the California No Place Like Home Program and the HOME Program. The Property also received 20-year rental subsidies from the Kings/Tulare Homeless Alliance under the HUD Continuum of Care Program, and the Tulare County Health and Human Services under the NPLH Program as well as a Capitalized Operating Subsidy Reserve (COSR). The County of Tulare will provide mental health and other supportive services to residents for 20 years.

Recent Deals

July 2025

kodiak

a portfolio company of

courtsquare

divested

kodiak partner

to a

Private Investor Consortium

Exclusive Sell-Side Advisor

kodiak-interiors-group-llc
July 2025

beacon

acquired

ascension borgess

from

ascension

Financial Advisor

beacon-health
July 2025

radiology partners

a portfolio company of 

nea

and

whistler capital

$1.815 Billion

Senior Secured Credit Facilities

$900 Million

8.50% First Lien Secured Notes due 2032

Joint Lead Arranger
Joint Bookrunner

radiology-partners
June 2025

allied

$245 Million

Senior Secured Credit Facilities

Debt Advisor

allied

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