FINANCIAL_SERVICESAPPROVED

City of Charleston city Awards Financial Services Contract to Poinsette Senior Apartments Llc (May 2026)

The City authorized a subordination agreement with Poinsette Senior Apartments, LLC to facilitate financing for affordable senior housing at 55 Lee Street. The City’s rights of first offer and first refusal will be subordinated to the lender’s security interest while other affordable housing covenants remain in force.

Status
APPROVED
Document date
May 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Poinsette Senior Apartments Llc
Agency
City of Charleston city · SC

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Restrictive covenant term is 99 years; subordination agreement applies to lender’s multi-family loan security
Renewal
Affordable housing restrictive covenants encumber the property for 99 years; the new subordination agreement affects only the right of first offer and right of first refusal relative to the lender’s loan security.
Document type
Minutes
Source document
City of Charleston Committee on Real Estate Minutes 2026-05-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Charleston city?

Poinsette Senior Apartments Llc was awarded this financial services contract by City of Charleston city, as recorded on May 21, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Charleston Committee on Real Estate Minutes 2026-05-21 (Minutes), dated May 21, 2026 from City of Charleston city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Poinsette Senior Apartments Llc hold?

Poinsette Senior Apartments Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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