Realtor WisdomPublic deal profile

Southside Commons

1234 South 5th Street, Detroit, MI · 48 units · 60% AMI

Capital goal
$7.20M
Secured
$5.90M
Gap
$1.30M
Deal Health
67
Stack completion82% of $7.20M

Capital stack

  • Apex Impact Fundapproved
    Impact loan
    $2.10M
  • Bridgeview CDFIpending
    CDFI loan
    $1.20M
  • Greenway NMTC Equityin loi
    NMTC equity
    $1.70M
  • City of Detroit TIFapproved
    TIF
    $800K
  • Developer Equityconfirmed
    Developer equity
    $100K
  • HUD HOME Funds (gap)gap
    Grant
    $1.30M
  • Calvert Impact Capitalrequested
    Impact loan
    $0

Milestones

  1. ✓
    LOI signed
    Completed 2026-01-12
  2. 2
    Capital stack committed
    Target 2026-05-15
  3. 3
    Construction loan close
    Target 2026-06-30
  4. 4
    Construction start
    Target 2026-07-15
  5. 5
    Certificate of occupancy
    Target 2027-04-30
  6. 6
    Stabilization (95% leased)
    Target 2027-10-31