Poplar Place

Overview

Deal Type Low Income Housing Tax Credits
Size $22.1 Million
Loan & LIHTC

Summary

Key Community Development Lending & Investment (CDLI) provided financing for the new construction of Poplar Place, a 36-unit, affordable housing project in Wasco, CA. The property will serve low-income families and farmworkers at or below 30% - 60% of AMI. Supportive services will be provided at no charge by the Central Valley Coalition for Affordable Housing (CVCAH) and will focus on life skills training, education, and other services that meet the needs of the residents. We want to thank Pacific West Communities Inc. for their partnership and shared mission to build much-needed affordable housing in Wasco, CA.­ ­

The financing included a $9.5 million construction loan and a $2.2 million permanent loan, and $11 million in tax credit equity.

Recent Deals

July 2025

a portfolio company of 

and

$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

 

El Camino Commons

$74.8 Million

Construction Loan & LIHTC Equity

el-camino-commons
June 2025

Hill Estates

Hill Estates

$67.5 Million

Bridge to Perm Loan, Acquisition

hill-estates
June 2025

thermogenics

a portfolio company of

audax

acquired by

morgan stanley

Sell-Side Advisor

thermogenics

Connect With Us

Find an Expert