Mount Union Senior Lofts

Overview

Deal Type Construction
Low Income Housing Tax Credits
Size $20 Million
Construction loan & LIHTC equity

Summary

KeyBank Community Development Lending & Investment (CDLI) has partnered with Pivotal Housing Partners, LLC to finance the new construction and adaptive reuse of Mount Union Senior Lofts, a 44-unit senior housing project in Mount Union, PA. For this project, CDLI provided a $9 million construction loan and KeyBank Community Development Corporation (KCDC) secured $11 million in LIHTC Equity.

This new community will consist of 44-, 1- and 2-bedroom units built to serve senior residents age 62+. It will include 6 accessible units of which 3 will target those at or below 20% AMI. Pivotal has partnered with the Center for Community Action (CCA) to assist in identifying and placing individuals or families in need. CCA will also provide a supportive service coordinator who will serve as the liaison to link residents with community services, foster volunteer activities, and connect residents to supportive services in the area. Tenants are within walking distance of Riverview Park, library, local restaurants, farmers market, food pantry and grocery stores.

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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