Merchants Capital announced it secured a $35 million construction loan for Union at the Loop, an affordable, multifamily housing community coming to Lawrence, KS. Merchants Capital also acted as servicer for the $22.25 million Freddie Mac Tax-Exempt Loan forward permanent commitment.
“Due to Merchants Capital’s multi-layered debt products, we were able to offer and successfully secure construction and permanent financing for Union at the Loop. We are excited to partner with The Annex Group on this project that will provide much needed affordable housing options to the workforce families of Lawrence,” said Senior Vice President, Loan Operations for Merchants Capital Brian Emmons.
