City of Charleston Real Estate Committee Meeting Agenda Packet May 2026
City to Subordinate Rights for Senior Housing Loan
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Description
The City of Charleston is preparing to subordinate its right of first refusal and right of first offer on 55 Lee Street to facilitate financing for Poinsette Senior Apartments, LLC. The subordination agreement is a lender requirement to move forward with an affordable housing development.
Contract Details
Vendor
POINSETTE SENIOR APARTMENTS LLC
Agency
City of Charleston city, SC
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
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