Tag Archives: Largest

Once Again, Red Mortgage Capital, LLC Finances Nations Largest FHA 221(d)(4)

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COLUMBUS, OH (PRWEB) October 16, 2012

Red Mortgage Capital, LLC, the mortgage banking arm of RED CAPITAL GROUP, LLC and provider of the most FHA insured multifamily loans nationally in HUDs FY 2012, announced today that it recently provided $ 190,753,100 of non-recourse construction and permanent financing with a 42-year term to Lincoln Place, an apartment community which will be substantially rehabilitated in Southern California. The loan represents the largest FHA Section 221(d)(4) unsubsidized loan ever insured by the U.S. Department of Housing and Urban Development and the 4th largest outstanding GNMA Security in the nation.

Lincoln Place, being redeveloped by Apartment Investment and Management Company (Aimco), is located less than 1.5 miles from the Pacific Ocean in Venice, California, and will consist of the rehabilitation of 696 multifamily units, and construction of an additional 99 units, a 5,033 square foot leasing center and a 6,100 square foot recreation and pool area on approximately 35 acres.

Originally developed between 1949 and 1952, Lincoln Place was conceived at that time as a Section 608 Project per the FHA guidelines for rental housing developments, which suggested:

52.3% of Pennsylvanias Largest K-8 Charter School Grads Going On to Private, Charter and Out-Of-District Public High Schools

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Chester, PA (PRWEB) June 20, 2012

When the new school year begins in September 2012, 52.3% of this years graduating eighth graders from Chester Community Charter School (CCCS), the largest K-8 charter school in Pennsylvania, will be attending a private or charter high school, or a public high school outside of the Chester Upland School District.

When the school held its graduation ceremony for 176 students, recently, more than 800 parents, guardians and friends of the school were in attendance. This years graduating class was CCCS largest to date, as the school has seen a dramatic increase in enrollment, as compared to its first middle school graduation, in 2006, which included just 48 students.

Continuing the schools tradition of preparing its students for the most academically challenging high school programs in Southeast Pennsylvania and Northern Delaware, more than half of this years graduates will go on to continue their education at 21 private, charter and out-of-district high schools, including, Episcopal Academy, Newtown Square, PA; Neumann Goretti, Philadelphia, PA; Ursuline Academy, Wilmington, DE; St. Josephs Preparatory School, Philadelphia, PA; Cardinal OHara, Springfield, PA; World Communication Charter, Philadelphia, PA; Girls High School of Philadelphia, Philadelphia, PA; Allied Health High School, Chester, PA; Wilmington Friends, Wilmington, DE; St. Marks High School, Wilmington, DE; Milton Hershey School, Hershey, PA; New Beginnings Academy, Chester, PA; Concord Christian Academy, Wilmington, DE; Hallahan Catholic Girls High School, Philadelphia, PA; Charter High School for Architecture and Design (CHAD), Philadelphia, PA; Delaware Valley High School, Philadelphia, PA; The School of Science and Discovery, Chester, PA; and Salesianum High School, Wilmington, DE.

Emblematic of the academic achievements of this years graduates was class valedictorian Sujeylee Alverez, who was recruited by more than 30 high schools.

In commenting about the students success in being recruited by prestigious high school programs, Dr. David Clark, CEO, Chester Community Charter School, said, I am proud of the academic growth, maturity and educational achievements of every graduating class, but this one in particular, was exceptional. Its been an especially challenging year to be a student in Chester, Pennsylvania, but when questions about our schools operation or about our childrens ability to learn are raised, I point nay-sayers to our results, because they speak for themselves. He continued, Our graduates are overwhelmingly going on to academically competitive secondary and post-secondary institutions and succeeding on their own terms; and for that I couldnt be prouder. A huge congratulations to the graduating class of 2012!

About Chester Community Charter School

Chester Community Charter School opened its doors on September 9, 1998, serving 97 students from its modest four meeting rooms, in the lobby of the Howard Johnson Hotel. Since that time, the school has steadily grown to include more than 3,000 students. http://www.chestercommunitycharter.org.