Monarch Private Capital Finances New Affordable Housing Development in Wisconsin

Apr 18, 2019--Monarch Private Capital (MPC), a nationally recognized tax-advantaged investment firm that develops, finances, and manages a diversified portfolio of projects that generate federal and state tax credits, is pleased to announce the financial closing of low-income housing tax credit equity (LIHTC) for a 28 million-dollar mixed-use residential development called Badger State Lofts. MPC has partnered with Indiana-based KCG Companies to develop the project, which expects to be placed in service in the spring of 2020.

Badger State Lofts is the conversion of a historic tannery complex into a mixed-use and mixed-income residential community in downtown Sheboygan, Wisconsin. Once completed, the project will provide 149 apartment units