Community Housing Works is a non-profit housing developer whose mission is to strengthen neighborhoods and help families become financially independent. A loan from PCG enabled them to purchase and renovate the affordable Azusa Apartments located in Azusa, CA, a suburb of Los Angeles.
Through PCG’S GAP Loan Program, PCG worked with Legacy Bank & Trust and Locke Capital to leverage Legacy Bank’s $3,275,000 funding with a PCG funded $400,000 subordinate tranche in Legacy Bank’s $3,675,000 loan. The loan refinanced short-term acquisition financing, will retain 97 units of Read More