31st Place Consortium, LLC (31st Place) operates a multi-family apartment complex located in the heart of Phoenix, AZ. The apartments consist of eight residential units divided between two fourplex buildings.
Clearinghouse CDFI provided a $574,000 loan to refinance the multi-family apartment with a lower interest rate and a seven-year term.
Clearinghouse CDFI’s loan will allow 31st Place to renovate the apartment units and update HVAC systems. It also replaces an existing hard money loan and provides for future improvements.
Download the PDF: Just Funded by CCDFI – 31st Place Consortium, LLC