Merchants Capital Secures $102 Million in Debt and Equity Financing to Rehabilitate Historic Affordable Senior Community in San Antonio

CHICAGO, IL - Financial services company Merchants Capital (MCC) today announces the closing of $102 million in combined debt and equity financing to support the redevelopment of Granada Homes, a historic affordable housing property located along the iconic River Walk in the heart of downtown San Antonio. Originally constructed in 1927 as the Plaza Hotel, the property currently is a mixed-use, 14-story high-rise housing underserved low- and very-low-income seniors.
The financing for the...

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