Presby’s Inspired Life Opens Witherspoon Senior Apartments, Low-Income Housing in Southwest Philadelphia
Presby’s Inspired Life is also opening Cantrell Place in South Philadelphia, a new construction project, at the end of 2018.
The construction financing includes a $32.8 million senior loan provided by Ameris Bank and $5 million in preferred equity investment from RSE Capital Partners.
Radiant will spend $15 million to renovate the 209 units of affordable housing in five phases, over eighteen months.
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