Tag Archives: Nations

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

Posted on by
Reply


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:

United Nations Foundation Commits to Making the Goals of the London Summit on Family Planning a Reality

Posted on by
Reply


Washington, D.C. (PRWEB) July 11, 2012

As partners from around the world join together in London to launch an ambitious effort to enable 120 million more women in developing countries access to voluntary, lifesaving family planning, information, and services by 2020, the United Nations Foundation reaffirms its commitment in support of UN Secretary-General Ban Ki-moons innovative Every Woman Every Child movement. This effort builds upon the Foundations long history of investment and work on adolescent girls and womens health, including the Universal Access Project, to achieve universal access to reproductive health care Millennium Development Goal 5 which leads to healthier women, stronger families, and more stable, prosperous communities.

Reproductive health issues cut across virtually all of our campaigns and initiatives, said Timothy E. Wirth, President of the UN Foundation. The London Summit — a global call to accelerate support for women and girls — builds upon the leadership and work of the United Nations Population Fund and the long-term support of the U.S. government to achieve universal access to reproductive health care and voluntary family planning. We call on all governments to prioritize this critical work moving forward.

We know that more than 220 million women around the world want, but do not have, access to modern contraception. By making a significant dent in this unmet need were not only saving the lives of women and children, but were also putting families on a path to a healthier, more sustainable and prosperous future. Voluntary family planning is one of the smartest investments that we can make said Timothy E. Wirth.

To help make the goals of the London Summit on Family Planning a reality, the UN Foundation is proud to fulfill and accelerate its $ 400 million commitment made together with partners in 2010 in support of Every Woman Every Child to improve womens and childrens health. This includes: