Real Estate Developments

Orleans Landing

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Description

Orleans Landing is a 278 unit LIHTC property located in Detroit, MI. The site was placed in service in 2015 after New Construction by the ownership team.

Project Details

Type

Multi-Family

Status

Completed

Address

000 South Of Jefferson East Ri

City

Detroit

State

MI

Zipcode

48226

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

278

LEED Designation

Project Cost

Parking Spaces

Zoning

Hotel Rooms

Retail Space

Office Space

Square Footage

Lowest Housing Sales Price

Highest Housing Sales Price

Lowest Rent Price

Highest Rent Price

Neighborhood:

Housing Rental Price Range:

Housing Sales Price Range:

# of Residential Units in Progress:

Hotels Rooms in Progress:

Office Space in Progress:

Retail Space in Progress:

Closest Metro Station:

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    Closest Grocery Store within 1 mile:

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          Project Financier(s):

          Type of Loan:

          40 Years

          Interest Rate:

          3.79

          Original Loan Amount:

          $39,401,700.00

          Loan Category:

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

          Final Endorsement Date:

          11-05-2015

          First Payment Date:

          10-01-2017

          Maturity Date:

          09-01-2057

          Tax Exempt Bond:

          No

          Finance Year:

          2017