Debt to Equity Investor Services
Location:
Pennsylvania, United States
Posted on:
Deadline:
Summary:
The government seeks a firm to provide investor services and financing support for restoring a neglected senior housing high-rise in Pennsylvania through debt to equity conversion.
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A government authority in Pennsylvania is seeking a vendor to provide debt to equity investor services for the rehabilitation of an 11-story high rise, formerly known as Sholom. This project aims to restore 336 units of rental housing dedicated to seniors, revitalizing a property that has become uninhabitable due to prolonged neglect and serious building issues such as mold, pests, plumbing failures, utility shutoffs, and structural safety concerns.
The selected vendor will support the development’s financing needs, including construction or bridge loans and securing permanent financing. The scope also includes submitting a 2026 4% Low-Income Housing Tax Credit application, ensuring that the redevelopment delivers safe, affordable housing for seniors on fixed incomes. Vendors should be prepared to address all submission questions by April 3, 2026.
Best-fit vendors:
• Experience with debt to equity conversions for affordable housing projects
• Capable of securing or providing construction, bridge, and permanent financing
• Familiarity with Low-Income Housing Tax Credit applications
• Proven track record in large-scale residential rehabilitation
• Understanding of government contracts and compliance
