CPC closed two loans for two buildings that offer its residents a system of drug treatments and health related services totaling $2.184 million. The loans included:
* A $1.296 million permanent refinancing of a three-story building with six rental apartments Prospect Lefferts Gardens. The building offers its residents a system of drug treatments and health related services.
* A $888,000 permanent loan for the gut rehab of a three-story building with six rental units Bedford Stuyvesant.
Charlotte, NC Merchants Capital closed $15.5 million in financing for the construction of Ryans Way, a 60-unit low-income housing tax credit (LIHTC) development developed by Scantland,