Loan Amount and Type
$3,135,000 Acquisition Loan
Loan Use
Acquisition and refinance of a four-parcel lot in Madison, TN that has been rezoned for a future LIHTC development. The project enables the property to be held and transferred to Dominium upon assembly of their LIHTC construction financing.
Borrower/Sponsor
Liberty Lane, LLC
Affordability
240 affordable units, income-restricted at 65% AMI on average, with a mix of 1-, 2-, and 3-bedroom units.
Impact
The loan facilitates the creation of a largescale affordable housing development in a growing Madison corridor, bringing new family-sized units near retail and transit. It supports a development model where local sponsors assemble land and partner with experienced LIHTC developers.