Rose Community Capital is pleased to announce a recent Bridge to FHA financing for an affordable housing community known as Ashtabula Towers, in Ashtabula, Ohio. The Owner will rehab the project with an allocation of Low-Income Housing Tax Credits (LIHTCs) made available by the state of Ohio. The perm financing is expected to close in July, 2021.
Location: Ashtabula, OH
Type of Loan: Bridge to FHA
Loan Amount: $6,175,000
Sponsor: Jonathan Rose Companies