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Riverstone Apartments

Antioch, California

Riverstone Apartments – Antioch, California

Property

Riverstone Apartments is a 136 unit affordable, family property located in Antioch, California

Financing

$12,500,000 fixed rate tax-exempt bond financing, $8,300,000 equity investment 4% low income housing tax credits

Description

Red Stone purchased $12,500,000 of fixed rate tax-exempt bonds and provided a $8,300,000 equity investment through the placement/syndication of low income housing tax credits allocated to acquire and rehabilitate the property.  The property, located in Contra Costa County, is approximately 45 miles northeast of San Francisco.