R4 Capital LLC’s Post

Just closed: A 156-unit affordable, garden-style apartments, The Preserve at Gresham Lake, in Raleigh, NC. R4 Capital provided $16.6MM in tax credit equity and R4 Capital Funding provided $36MM in permanent and construction bond financing.    Availability of affordable housing with access to green spaces can measurably improve quality of life. This property will have both: Safe, quality, affordable housing, and a direct path to the beautiful Durant Nature Preserve, a 250-acre haven featuring woodlands, lakes, and wildlife. We are grateful for our developer partner for thinking beyond the physical structure to include the well-being and future of a community with its doorway to nature.   Working with our investor and developer partners to make these projects a reality is no walk in the park. Great job again to all including James SpoundJay SegelMichael HoppsDaniel Harrington!

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