Shore Hill Housing
Affordable Housing in Bay Ridge, Brooklyn
The acquisition was financed by a $102 million Freddie Mac loan arranged through Prudential. The Rose Affordable Housing Preservation Fund IV, L.P. (Fund), along with joint venture non-profit partner, NHPF, and co-investor Nuveen, a TIAA Company, will invest $52 million of equity in the property.
Shore Hill Housing, is a two-building, 558-unit HUD project-based Section 8 Housing complex.
Secured financing and funding for this project included:
|$52,000,000||Joint-venture Investment Fund|