Lenzen Square Apartments

Property

Lenzen Square Apartments is an 88-unit family affordable property located in San Jose, California.

Financing

$17,500,000 fixed rate bridge financing used to acquire Lenzen Square.

Description

Red Stone provided $17,500,000 of fixed rate bridge financing used to acquire Lenzen Square Apartments. Red Stone also provided a pre-committed fixed rate tax-exempt financing for the “4% LIHTC” tax-exempt bond rehabilitation. Red Stone closed the preservation bond financing closed seven months after the acquisition.