Borrower Stories
Abode Communities, Inc. (Abode) is a nonprofit real estate developer that builds multifamily affordable housing for Southern California’s workforce, low-income families, senior citizens, and individuals with special needs. The organization requested a $3,000,000 line of credit to assist with the Read More
To mitigate the lasting effects of Rochester’s foreclosure crisis in the late 1990s, the Rochester Housing Development Fund Corporation (RHFDC) acquires and rehabilitates foreclosed single-family homes to create affordable housing for low- and moderate-income families
Through PCG’S GAP Loan Program, PCG worked with Legacy Bank & Trust and Locke Capital to leverage Legacy Bank’s $3,275,000 funding with a PCG funded $400,000 subordinate tranche in Legacy Bank’s $3,675,000 loan. The loan refinanced short-term acquisition financing, will retain 97 units of Read More