PAY RENT COVID-19 Home 25 Years Company What We Do Properties Media Contact Trent Center East & West Trenton, NJ VIEW TRENT CENTER WEST VIEW TRENT CENTER EAST Trent Center West A campus located in Trenton, New Jersey, Trent East (228 units) and Trent West (246 units) are two high rise apartment buildings reserved for elderly residents. A CCI affiliate purchased both buildings in December of 2014 so that it could immediately move forward with 4% bond transactions comprised of approximately 17 million of hard cost construction renovation, including (but not limited to) full interior unit upgrades, energy upgrades/efficiencies and building system/health/safety improvements. Also, these projects provide numerous amenities to its elderly population in the form of a full time service coordinators to help residents age in place and a congregate care grant that provides meals, housekeeping and transportation. West: In conjunction with this purchase, CCI obtained 150+ units of long term rental subsidy for unsubsidized renters via HUD’s component 2 RAD program such that 100% of all residents in Trent West could benefit from rental subsidy. In December of 2015, CCI successfully closed the bond transaction, securing approximately 7.4 million of LIHTC equity, 4.277 million of equity attributable to ERG state tax credits, 2 million of AHP monies as well as the financing of approximately 3 million dollars of an IRP decoupling via a 221(d)4 HUD loan. East: At the time of purchase, the existing HUD 202 debt was prepaid and CCI obtained an additional 16 units of project based Section 8 via a new SPRAC award so that 90% of the building benefited from Project Based Section 8. In August of 2015, CCI successfully closed a 13.5 million dollar bond transaction, securing approximately 5.7 million in LIHTC equity, 3.4 million of state credit equity, 1.5 million of AHP monies as well as a 7.5 million dollar forward committed for permanent financing. In addition to building renovations and services mentioned above, this project consists of 34 assisted living units where residents are provided augmented health services by a third party care provider. Find out how we've been honoring 25 years of our People, Property, Tenants and Company. A Year of Celebration California Commercial Investment Group does not discriminate on the basis of disability status in the admission or access to; or treatment of; or employment in; its federally assisted programs and activities. No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is approximate and is submitted subject to errors, omissions, change of price, change in space, or other conditions, withdrawal without notice, and to any special listing conditions imposed by the principals. Copyright 2021 - California Commercial Investment Group, Inc. California Commercial Investment Group, Inc. 4530 E. Thousand Oaks Blvd., Suite 100 Westlake Village, CA 91362 Phone: 805.495.8400 | Fax: 805.495.5471 General Inquiries: info@ccinvest.com