Real Estate Developments

Adlai E. Stevenson House

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Description

Adlai E. Stevenson House is a 120 unit LIHTC property located in Palo Alto, CA. The site was placed in service in 2018 after New Construction by the ownership team.

Project Details

Type

Multi-Family

Status

Completed

Address

455 East Charleston Road

City

Palo Alto

State

CA

Zipcode

94306

Construction

New Construction

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Financier(s):
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Number of units for rent

Number of units for sale

Number of affordable housing units

120

LEED Designation

Project Cost

Parking Spaces

Zoning

Hotel Rooms

Retail Space

Office Space

Square Footage

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Highest Rent Price

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# of Residential Units in Progress:

Hotels Rooms in Progress:

Office Space in Progress:

Retail Space in Progress:

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          Project Financier(s):

          Type of Loan:

          40 Years

          Interest Rate:

          4.15

          Original Loan Amount:

          $20,250,000.00

          Loan Category:

          221(d)(4) Mkt. Rate Mod Inc/ Disp Fams

          Final Endorsement Date:

          02-08-2018

          First Payment Date:

          09-01-2017

          Maturity Date:

          08-01-2057

          Tax Exempt Bond:

          Yes

          Finance Year:

          2017