Loan Amount: $1,975,000
Developer: Inflection Development, LLC
The Cleveland Square Apartments is a 50-unit senior housing rental project for ages 55 and older, with 45 units (90%) restricted to tenants earning no more than 50% of AMI, featuring a single four-story elevator-serviced building with studio, one-, and two-bedroom units. The property targets low-income seniors, offering integrated health and housing support. Amenities include a computer lab, reading area, community gathering room, and exercise room. Unique aspects include its condominium structure sharing the building with a Terry Reilly Health Service clinic on the ground floor, providing on-site medical, dental, and behavioral health care to residents and the community.