Hunt Capital Partners Closes Funding for Senior Housing

Hunt Capital Partners, in collaboration with CRP Affordable Housing and Community Development LLC and its affiliate Castellan Holdings LLC, announced the closing of $5.6 million in LIHTC equity financing for St. Stephen’s Retirement Center in San Diego, CA.

“We are excited to team up with CRP Affordable Housing and Community Development on this significant transaction for St. Stephen’s Retirement Center,” said Dana Mayo, executive managing director at Hunt Capital Partners. “Leveraging the RAD program to have all units supported by a new 20-year Section 8 PBRA contract was a key part of this deal that will have a long-term, positive impact. We are glad to commit tax credit equity financing to preserve this affordable, supportive housing development for elderly residents who need it most.”