• Philadelphia, PA
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Refinance

Refinance Transactions

Multifamily Housing Development Owners engage Continental Mortgage Corp.'s years of expertise and proven success to structure and arrange refinance transactions.  

Our refinance transactions aim to: 

  • Recognize the equity that has built up over time in refinance transactions
  • Restructure the economics of a deal by reducing the debt service to increase the annual cash flow
  • Finance repairs and capital improvements that are either necessary or desirable
  • Generate refinance proceeds to deal with upcoming balloon payments on existing debt

Continental Mortgage Corp. strives to balance the needs of the stakeholders including the Residents, Lenders, and Owners.  

Spring Garden Community Revitalization II

Philadelphia, PA
With the creation of the Spring Garden Community Development Corporation (CDC), a non-profit entity dedicated to the revitalization of the Spring Garden area, a transformation began of one of this country’s most important urban cores.  Spring Garden CDC and its development partner, Michaels Development Company, sponsored Spring Garden Community Revitalization II, a 100 percent affordable housing project, made possible by a complex financing structure that included many city, state, and federal subsidies, including Low Income Housing Tax Credits and Historic Preservation tax credits. 
Units
58

Winteringham Village

Toms River, NJ
Winteringham Village exemplifies The Michaels Organization’s philosophy of long-term responsible ownership and commitment to value creation for both residents and investors. The community employs a full-time social service coordinator who has created valuable relationships with local and national businesses in the community.  Continental Mortgage Corporation is currently orchestrating the $13.5 million refinance of the project’s debt to generate funds for significant capital improvements to ensure the continued, long term viability of this affordable housing community.  
Units
183

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