A senior living community has successfully transitioned from HUD 236 to the RAD program through strategic recapitalization and rapid deal execution.

Carthage Advisors delivered critical recapitalization under an aggressive 45-day timeline, coordinating with NJMFA and HUD while arranging bridge financing through City Community Bank to ensure continued affordable housing for East Orange's senior community. Carthage served as a development consultant on this deal.

Total Project cost: $30MM | Units: 203