Client:

• Housing Opportunities Commission (HOC)

Development Program:

• 40+ acre site with 864 one-, two-, and three-bedroom units
• Total Acquisition Budget: $150,000,000
• Target for redevelopment and resident displacement given:
  • Central location
  • Size of the site
  • Proximity to Lakeforest Mall (another large potential redevelopment site)
  • Zoning allows for higher density, mixed-use development
• Community amenities include:
  • Outdoor pool
  • Fitness room
  • Playground
  • Picnic area
  • Car wash area
  • Parking
  • Several laundry rooms dispersed around the complex

Principal Responsibilities:

• Financing application
• Sourcing mezzanine debt and equity
• Due Diligence Review
• Finalizing Acquisition