Red Stone Closes Affordable Housing Construction Deals in Portland and Las Vegas
Ready Capital Corproation (RC)
Last ready capital corproation earnings: 3/11 04:39 pm
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Source: PR Newswire
NEW YORK, Nov. 12, 2021 /PRNewswire/ -- Red Stone, a leading provider of real estate finance services to the multifamily affordable housing industry and wholly-owned subsidiary of Ready Capital Corporation (NYSE: RC) ("Ready Capital"), today announced that it has closed two sizeable affordable housing construction deals, in Portland and Las Vegas respectively. The $34.5 million construction and permanent financing of a new 214-unit affordable housing community in downtown Portland known as Tiller Terrace marks the first deal Red Stone has done in Oregon. The property is located in the Goose Hollow neighborhood of downtown Portland and will offer many tenant amenities including a community room, computer lab and rooftop terrace.The second transaction is a new construction development to be named "Lake Mead West Apartments" located in the City of North Las Vegas. The property includes a children's park, dog park, community pool, computer learning lab and meeting space for resident servi
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- 4/17/24 - Form SC
- 3/26/24 - Form 4
- 3/18/24 - Form 4
- RC's page on the SEC website