Rose Community Capital is pleased to announce a recent Bridge to FHA financing for an affordable housing community known as Savannah Summit, in Savannah, Georgia. The Owner will rehab the project with an allocation of Low-Income Housing Tax Credits (LIHTCs) made available by the state of Georgia. The perm financing is expected to close in June, 2021.
Location: Savannah, GA
Type of Loan: Bridge to FHA
Loan Amount: $11,400,000
Sponsor: Jonathan Rose Companies