Winston Salem, NC
Whitaker Park
Size
163
Units
Winston Salem, NC
Market
- Whitaker Park is a conversion of a 166,574 SF historic industrial property into 163 Multifamily units;
- John B. Levy & Company secured construction financing with a local credit union;
- John B. Levy & Company used its experience with complicated transactions to ensure smooth cooperation between the various groups required to effectively utilize both State and Federal Historic Tax Credits. JBL’s experience was critical to the local credit union who did not have previous experience with historic tax credit developments;
- Members of the JBL invested their own capital in the transaction as Co-GP’s to support the Sponsors
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