Housing Trust Group And AM Affordable Housing Secure $77.5 Million Loan For Artisan Pointe

A joint venture between Housing Trust Group and AM Affordable Housing secured financing for the development of Artisan Pointe, a 115-unit affordable housing project located at 26115 South Dixie Highway in Homestead, Florida. The development site spans 4.3 acres and has a construction loan amount of $39 million provided by U.S. Bancorp, along with $31.5 million in Low-Income Housing Tax Credit (LIHTC) equity, $7 million in local funding, and a $16.9 million permanent loan arranged by Berkadia, which will refinance the construction loan upon completion in January 2028.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $77,500,000
• Address: 26115 South Dixie Highway, Homestead, FL
• Lender: U.S. Bancorp
• Landlord: Matthew Rieger - Housing Trust Group
• Landlord: Alonzo Mourning - AM Affordable Housing
• Broker: Berkadia

Matthew Rieger and Alonzo Mourning are key individuals in this transaction, representing their respective organizations, Housing Trust Group and AM Affordable Housing. The financing structure illustrates a collaborative effort to address affordable housing needs in the Homestead market, leveraging various funding sources to support the project's development.