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AMCAL Secures Financing for Two Developments

AMCAL Multi-Housing and AMTEX Multi-Housing have taken big steps toward developing workforce housing communities in Santa Ana, Calif., and Austin, Texas.

William Hezmalhalch Architects Designed by William Hezmalhalch Architects, First Street Apartments in Santa Ana, Calif., is scheduled to be completed by developer AMCAL Multi-Housing in September 2019.

In partnership with the city of Santa Ana, AMCAL Multi-Housing announced that it closed financing on a new 69-unit apartment community in Santa Ana. Bank of America Merrill Lynch is serving as the equity investor as well as the construction and permanent lender for the project. Construction will commence at the site in May with the demolition work of an existing deteriorating office building.

Read more about this here.

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