12/13/2023 0 Comments Home 2 home suites philadelphia![]() The design that came out of that process was able to receive each of their individual approvals.Īt the same time, while ensuring a minimum cost product, we knew that we would still have a large capital stack gap of 25% of the project costs, and so we proceeded to work through and secure six different Federal, State, and Local subsidies, reducing the conventional debt to an acceptable loan to cost ratio of under 50%, and the equity to be appropriately sized to receive market returns.
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