Pelican Isles

Affordable Housing In Sebastian, Florida

Built in 2005, Pelican Isles is a 12 building, 2-story, garden-style multifamily apartment complex that contains 150 total units over a 17.18 acre parcel located in beautiful Sebastian, FL.

Total Cost

$9,596,048

Description
TPI will have a 50% partnership interest in the project.

Financing

$7,845,000 223(f) Refi Loan (Merchants)
$875,524 NHPF Equity
$875,524 TPI Equity