Summary of Investment Teams & Objectives

Text-based table outlining the details of a CRP Affordable Housing and Community Development investment opportunity, including sections on sponsor, investor objectives, investor position, minimum investment, lease payments, distributions, term, legal counsel, and auditor.
Diagram of a 3D stacked blocks representing investment positions, labeled from top to bottom: "First Position: Mortgage Loan," "Second Position: 1031 Investors," "Third Position: CRP Affordable Equity."

This visual illustrates how the capital stack is structured within the development, showing the order in which each component is positioned.

First Position: Mortgage Loan
The senior loan provides the primary source of financing for the development and holds the first position within the structure

Second Position: 1031 Capital
1031 exchange capital is positioned behind the senior loan and supports the development during its early stages.

Third Position: Sponsor Equity (CRP Affordable)
Sponsor equity represents the developer’s contribution and is positioned after the other layers, aligning the sponsor with the overall execution of the project.