SHEPHERDSVILLE, KY-Louisville-based Poe Cos. has received a $13.3-million loan for a residential development in northwestern Shepherdsville. The Reserve at Thomas Glen Apartments, a 192-unit apartment complex, will be constructed on a 17-acre land.
The new complex will have 8 three-story buildings containing single-, double- and triple-bedroom units. The Federal Housing Authority loan was provided by Columbus, Ohio-based Red Mortgage Capital LLC. The financing covers the 40-year long-term loan and the construction loan. For the full story, go to Business First .
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