20A — June 8 - 21, 2018 — Creative Financing — Financial Digest — M id A tlantic
Real Estate Journal
www.marejournal.com
C reative F inancing
The loan is sponsored by HELP USA, Inc. TDBank Finances Affordable Housing Community for Homeless Veterans in Washington DC
W
a fully operational hospital. “The Walter Reed campus has a storied history of serv- ing the men and women of our armed forces, and we are proud to be building housing on this site that will continue that tradition. HELP strongly believes that stable housing is the foundation of every other social service. By develop- ing apartments for homeless veterans and providing on- site services we are helping people begin to build better lives,” said Tom Hameline , president and CEO, HELP USA. “We could not do what we do without our financial
visitors can enjoy the outdoors in more than 10,000 acres of parkland where you can hike, swim, kayak, bicycle, play soc- cer and much more. The county is also home to 16 golf courses, including five public courses. Visit the new Guinness Open Gate Brewery & Barrel House, spend a summer afternoon touring Baltimore County’s vineyards or tailgate gourmet- style with the international racing community during stee- plechase season. Enjoy a picnic to music by the Baltimore Sym- phony Orchestra at its summer home at Oregon Ridge Park. Explore history at the 1790s Hampton Historic Site, part of the National Park Service. Visit unique museums such as the Fire Museum of Maryland, Glenn L. Martin Maryland Aviation Museum and Benja- min Banneker Historical Park and Museum. Art galleries, theatre, dance, and music of every variety are part of a lively art and culture scene. With so much to see and do, Baltimore County is truly a special place. Why Wait? Experience Baltimore Coun- ty’s hospitality and sense of community that makes it so special. There are incredible opportunities for your business and a vast variety of amenities for your family. With growing development, great schools, and plenty of attractions, Balti- more County is a great place to live, work, and play. Welcome home. Baltimore County Depart- ment of Economic & Work- force Development. partners, and we’re thankful to TD Bank for recognizing how valuable this project will be for the larger community.” TD Bank is proud of its col- laboration with HELP USA. Since 2005, it has provided more than $160 million of debt and equity financing to sup- port its projects and mission. This project also reinforces TD Bank’s recent launch of The Ready Commitment, a multi- year program designed to open doors for a more inclusive tomorrow through community giving in four areas: financial security, vibrant planet, con- nected communities and better health. What makes Baltimore County special? . . . continued from page 8A
HELP USA will provide social and supportive services to the residents, and the units will be furnished to allow for im- mediate occupancy for home- less individuals who may be coming from shelters or other transitional housing. “TD Bank is proud to part- ner with HELP USA on this very important redevelop- ment which will provide safe and permanent housing for those who need it most,” said Gloribel Cruz , vice president at TD Bank. “This project further enhances the bank’s commitment to support low and moderate income families
in our communities, including Veterans who have put their lives on the line to serve our country.” The project site will even- tually become "The Parks at Walter Reed" and will contain 2,100 residential units (of which 432 will be affordable units), retail space with a gro- cery store anchor, office space, a hotel and charter schools, as well as feature various medi- cal uses, arts and entertain- ment uses, and 20 acres of open park space. The Walter Reed National Military Medi- cal Center is still located on the property and will remain
ashington, DC — TD Bank closed on a $9.54 million
construction loan, used to pur- chase bonds issued by the DC Housing Finance Agency which will partially finance the adaptive reuse of part of a former military building on the Walter Reed Army Base in Washington, D.C. The project will include 77 units of "service-enriched" af- fordable housing for homeless Veterans. The loan is spon- sored by HELP USA, Inc. , a national non-profit organiza- tion that provides homes, jobs and services to people in need.
Recently Closed Loans
$1,312,000 $1,455,000 $6,500,000 10-Unit Multifamily Refinance 56-Unit Multifamily Refinance 10 Mixed-use Condos Construction Loan Philadelphia, PA Valdosta, GA Wyndmoor, PA 75% LTV, 7/30, 4.75% 75% LTV, 5 Years, Interest Only, LIBOR + 4.5% 75% LTV, 24 Months, Interest Only, 5.5%
Real Property Capital is a Philadelphia based full service commercial mortgage banking firm with a regional focus and national capabilities. Our business model emphasizes client satisfaction through a high-touch, analytical approach that distinguishes us from the competition. Learn more about our distinct approach and proven track record of success at www.realpropertycapital.com. FOR MORE INFORMATION: R. Brenner Green, President 303 Harry Street • Conshohocken, PA 19072 • 610-456-9644 • bgreen@realpropertycapital.com
Made with FlippingBook flipbook maker