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EAST CHICAGO, IN - Leading multifamily financing provider Merchants Capital today announced it has secured a $15.5 million U.S. Department of Housing and Urban Development (HUD) loan for Lakeshore Manor in East Chicago, Indiana. Located on the corner of 136th and Main Street on the northwest side of the city, the new development will bring 206 units of income- and age-restricted housing to the area.
Originally designed to replace the now-closed John B. Nicosia senior building, Lakeshore Manor.
Merchants Capital closes $15 5 million HUD loan for 206-unit multifamily development in Northwest Indiana – REJournals rejournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rejournals.com Daily Mail and Mail on Sunday newspapers.