Page 26 - Gap Financing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Think which might help, what what the purpose of the investment of the Redevelopment Agency at the time in this space. It wasnt necessarily for pearls. It was to take a space that was abandoned, useless, not contributing anything to the neighborhood, and return it into an actual marketable space that could be a retail space. Now, pearls was the initial tenant and pearls is on the hook for the loan. But the fact that now a different business other than pearls is going to be there actually means that our loan was a success, right . Were still keeping the space occupied, which at the end of the d...

A good way a good way that ive thought about this, i think which might help, what what the purpose of the investment of the Redevelopment Agency at the time in this space. It wasnt necessarily for pearls. It was to take a space that was abandoned, useless, not contributing anything to the neighborhood, and return it into an actual marketable space that could be a retail space. Now, pearls was the initial tenant and pearls is on the hook for the loan. But the fact that now a different business other than pearls is going to be there actually means that our loan was a success, right . Were still ...

Mayors office of housing. This property as you may remember it was acquired on november 12th through eminent domain. In may needing an rfp was issued for the property a proposal for the messing mercy heirs was selected as hes winner and plans for 66 unit of housing with one managerial housing. On november 16th, needing we got a loan of 3. 2 million to move the project towards Construction Since is predevelopment loan was accepted we got additional funding from the development program. And well apply for the low income multiply housing Revenue Bonds this summer and secured other permits and abo...

That. And can you go to the slide . Sorry. And this is just, and it is a good question, and this will just two slides up. I think that would be great. And so for our housing, which is highly enhanced it has a lot of services on site and i have a slide on the kind of services that we have on the site, and for the people with the special needs who many of whom have been homeless for a very long time. And but even more so, have been in and out of Long Term Care for facilities and of the Emergency Rooms and of the homelessness, again. And from the parents house and where they can crash, and then, ...

Sorry. And this is just, and it is a good question, and this will just two slides up. I think that would be great. And so for our housing, which is highly enhanced it has a lot of services on site and i have a slide on the kind of services that we have on the site, and for the people with the special needs who many of whom have been homeless for a very long time. And but even more so, have been in and out of Long Term Care for facilities and of the Emergency Rooms and of the homelessness, again. And from the parents house and where they can crash, and then, back into Long Term Care facility an...