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During the past 12 months, 5.41 million Americans borrowed an estimated $16.16 billion for home improvements, with the average loan amount being $2,990, according to Finder.
With the need for affordable housing continuing to grow nationwide, low-income housing tax credit/LIHTC and rural housing programs allow more properties to be developed.
Once the project is completed in 2020, the distillery will produce premium spirits including whiskey, bourbon, gin, brandy and vodka. The company reports the project will create 102 new jobs over five years.
The financing provided by Rialto Capital Management will help pay for tenant allowances and landlord work associated with newly signed restaurant leases, along with the costs of leasing remaining vacancy at its Wynwood properties.