Tuscany Cove Apartments

S & H is coordinating the financing and development of the construction of 160 new senior apartments in the Liberty City section of Miami.  Total development costs are estimated to $34 million.  The project is expected to close on financing in late 3rd Quarter of 2016.  The project includes $13.9 million in tax credit equity, $3.7 million SAIL/ELI loan, $880K City of Miami HOME Loan and $3.3 million Miami-Dade County Surtax loan. S & H procured the HOME and Surtax loan on behalf of the Tacolcy Economic Development Corporation.