Dallas, Texas
CDT Correspondent
JPMorgan Chase Bank
Investment Description
This attractive garden-style gated apartment community provides 72 affordable housing units in the City of Dallas. Through its correspondent, JPMorgan Chase Bank, CDT provided a first mortgage. Apollo Housing Capital syndicated the low income housing tax credits.
Transaction Highlights
Prairie Commons is owned and managed by Diana McIver and Associates, a developer/owner with extensive affordable housing experience and a long term track record with CDT. To date, CDT has financed eight properties with Ms. McIver totaling more than $13,000,000 of mortgage investments.
the community development trust
