Citizens Bank Leads $78M Financing on Philly-Area Affordable Housing Rehab
AI Summary
People Restoring Communities secured $77.61 million in construction financing to renovate Paulsboro Gardens, a 150-unit affordable housing community in southern New Jersey. Citizens Bank provided a $35.85 million construction loan.
Development firm People Restoring Communities (PRC) has sealed $77.61 million in construction financing for the rehabilitation of an affordable housing community in southern New Jersey, Commercial Observer has learned. Citizens Bank provided a $35.85 million construction loan for PRC’s 150-unit Paulsboro Gardens Apartments property in Paulsboro, N.J., just south of Philadelphia to facilitate renovations of […]
Markets Deals Real Estate affordable housing construction financing New Jersey Citizens Bank People Restoring Communities apartment rehabilitation