The CMFA recently completed a $57,000,000 financing for Westridge Apartments
The CMFA recently approved a $57MM transaction for Menlo Capital Group, LLC. Bond proceeds will be used in the acquisition/ rehabilitation of a 401-unit multifamily property with a proposed rehabilitation plan that will add 40 new units to the site, bringing the project’s total unit count to 441 units. The property consists of 14 buildings upon four contiguous parcels with a total site area of 11.48 acres. The proposed renovation will include complete unit rehab of the 401 existing units. The financing of this project will continue to offer high quality affordable housing for 441 families in the City of Richmond, California for another 55 years.