Dominium Secures $52M for Mesa Senior Housing
Developer Dominium has secured $51.7 million of construction and permanent financing for Solstice of Mesa. KeyBank provided a $51.7 million construction to $32.7 million permanent loan using its Private Placement Program.
The 237-unit property, which is expected to be completed by the summer of 2021, will offer one-, two- and three‐bedroom units in a single, three‐story building. The apartment complex will be restricted to those who are 55 years old and older and 60% of area median income low-income housing tax credit (LIHTC) rent levels.
Additional Articles
Dominium Promotes Adam Brookins to Vice President of Construction
Five-year company veteran to oversee project managers, superintendents and claim specialists on capital improvements, repairs and property renovations
Dominium Promotes 26 and Hires 154 Employees in Q4 of 2023
The affordable housing developer expanded its talent base and expertise and advanced positions in its regional offices and apartment sites across the country
Dominium Acquires Land for 67 Flats and Juniper Square, Plans to Develop 605…
The affordable housing development marks the first affordable new construction development in the city of Glendale