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LA Senior Communities Receive $19M Mortgage Financing

August 17, 2017

Red Stone Tax-Exempt Funding LLC has acquired $18.8 million in tax-exempt bonds transactions via its Red Stone Direct Bond Purchase Program. The funding will provide mortgage capital for the acquisition, rehabilitation and permanent financing of a 90-unit portfolio of three affordable senior citizen rental developments in the Los Angeles metro area. Read more on the Multi-Housing News website.