Nevada HAND recently closed a $540,000 permanent loan with NeighborWorks Capital to refinance existing debt for Stewart Pines, a 72-unit affordable apartment development for low-income seniors in Las Vegas, Nevada. Funds will be used to take out the existing debt and pay for immediate repairs to the Subject Property.
NeighborWorks Capital Deploys $500 Million to Catalyze Affordable Housing Development
NeighborWorks Capital has achieved a milestone of $500 million in loan capital deployed to support the affordable housing development, economic development, neighborhood revitalization, and resident and community services work of NeighborWorks network organizations across the United States.