Loan Amount and Type
$450,000 Acquisition Loan
Loan Use
Acquisition of an existing 4-unit partially occupied residence, to undergo a limited renovation.
Borrower/Sponsor
Gentry Investments is a minority-led developer, founded in 2017 by F. Vandale Gentry of Franklin, TN.
Affordability
Fifty percent of the units will be under a deed restriction, to ensure affordability for tenants earning 100% or less of the Area Median Income.
Impact
The Fund’s lower interest rate relative to market allows more capital to be directed into the project as opposed to interest payments.
