$52.5M SoMa Affordable Housing Project Gets Financing Secured
February 19, 2021

Bisnow, by Jacob Bourne

San Francisco’s South of Market neighborhood is slated to get more affordable supportive housing units to help alleviate the city’s homelessness crisis.

Merchants Capital just secured a construction loan from Merchants Bank of Indiana for the development of an affordable housing project at 53 Colton St. in San Francisco’s South of Market area, according to a press release. Developed by Strada Investment Group and Community Housing Partnership, Merchants Capital provided the Low-Income Housing Tax Credit equity bridge loan in addition to the construction loan.

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