Loan Amount: $7,975,871
Developer: Episcopal Management Corporation
St. Marks Tower is a 99-unit senior housing high-rise for residents aged 62 and older, with 98 units supported by Section 8 subsidies resulting in a weighted average AMI of 17%. The project serves low-income elderly individuals, offering stable housing through nonprofit management. Renovations include new windows, water lines, and unit interiors, enhancing accessibility and comfort for this critical population.