New Mexico

Felician Villa II Senior Apartments | Rio Rancho, NM

Loan Amount: $3,700,000

Developer: Catholic Charities & Chelsea Investment Corporation

The Felician Villa II Senior Apartments is a newly constructed, 66-unit multifamily development located in Rio Rancho, New Mexico, specifically designed to serve seniors aged 55 and older, with preference given to active and retired military. Nearly all units (98.5%) are income-restricted, ensuring affordability for low- and moderate-income households, and 25 units benefit from Section 8 project-based vouchers. The property features a garden-style residential building and a community building, offering amenities such as a clubhouse with a lobby, kitchen, computer center, rental offices, fitness center, food pantry, gym, patio deck for tenant events, and a community room with a full kitchen. Additional tenant-focused features include ADA-accessible units, high-efficiency HVAC, Energy Star appliances, modern décor, video intercom and security systems, and proximity to public transit. Supportive services are provided onsite, including health and nutrition education, CPR training, job training, social events, and personal assistance, making Felician Villa II a unique and supportive environment for senior residents.

Units: 66