Lofts on Main

Overview

Deal Type Construction
Size $14.3 Million
Adaptive Reuse and New Construction

Summary

Lofts on Main is an affordable housing property located in Plattsmouth, NE. that combines new construction of an apartment building with the adaptive reuse of a school building. The development will contain a total of 41 one-, two-, and three-bedroom apartment units, which includes 16 three-bedroom units. The newly constructed building will be wood framed with flat roofs on a concrete slab foundation and will offer a community room, storage, and a leasing office. Thirty-two of the units will be income-restricted to 30%, 40%, 50%, and 60% or less of the area median income (AMI). The remaining nine units will be unrestricted market rate units.

KeyBank Community Development Lending and Investment provided $14.3 million in financing. The development also received support from WNC, which provided $7.5 million in federal low-income housing tax credit (LIHTC) and historic tax credit funding, as well as Advantage Capital, which provided $3.6 million in state LIHTC and historic tax credit funding. The Nebraska Investment Finance Authority (NIFA) and the City of Plattsmouth also provided funds.

Recent Deals

October 2022

has received a $500 million equity investment from

 

 

$500 Million

Sell-Side Advisor

longroad-energy
October 2022

has acquired

$250 Million

Senior Secured Credit Facility

Joint Bookrunner
Joint Lead Arranger

pgt-innovations,-inc-
September 2022

 

$90 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

uacl-logistics-holdings-llc
September 2022

 

$153 Million

Commercial Property Assessed Clean Energy Financing

Structuring Agent

black-desert-resort
September 2022

 

$260 Million

First Mortgage Bonds

Joint Lead Placement Agent

dte-gas-company
September 2022

Southern Col MidCo, LLC

$170 Million

Senior Secured Notes

Joint Lead Placement Agent

southern-col-midco-llc
September 2022

Northern States Power Company (a Wisconsin Corporation)

$100 Million

First Mortgage Bonds

Sole Placement Agent

northern-states-power-company
September 2022

Welltower 

$750 Million

Unitranche Joint Venture

First mortgage financing available for seniors housing & skilled nursing facilities

welltower-1
September 2022

Welltower 

$5.2 Billion

Senior Unsecured Credit Facility

Joint Lead Arranger
Administrative Agent

welltower

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