Sovereign at Parkside East funding swap
Florida Housing Finance CorporationFlorida- Detected
- Sep 25, 2026
- 39 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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From the meeting
Florida Housing staff reviewed a revised underwriting package for Sovereign at Parkside East that reduced the HOME loan by $1,500,000 and shifted that amount to Harbor West. The report was tied to a CDBG-DR and HOME closing package, with the borrower asking for updated financing after losing the 130% basis boost and changing the capital stack. This is follow-on closing work, not a fresh procurement, and it matters because the financing structure was still being reworked in September 2026.
- Meeting date
- September 25, 2026
- Agency
- Florida Housing Finance Corporation
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