“The Citizens team is solutions-oriented and has deep knowledge of the industry.”Ĭitizens is a trusted strategic and financial partner, consistently delivering clear and objective advice. “Citizens’ bankers have become our trusted financial and strategic partners by providing great ideas and seamless deal execution,” said Ben Whitman, vice president, Hanover Company. markets include Atlanta, Austin, Boston, Charlotte, Dallas, Denver, Florida, Houston, Los Angeles, Philadelphia, Phoenix, San Diego, San Francisco, and Washington, D.C.Ĭitizens has provided construction financing for seven Hanover multi-family projects since 2015, including properties in Philadelphia, Denver, Oakland, San Francisco and two in Houston. Founded nearly four decades ago, Hanover's completed projects total nearly 75,137 units across the country and more than $20.7 billion in project capitalization, including $2.8 billion currently under construction. Hanover Company is a private real estate company specializing in the development and management of multi-family residential properties nationwide. Citizens is Joint Lead Arranger and Administrative Agent. PROVIDENCE, RI – Citizens announced today that its Commercial Real Estate Finance team led a $98.7 million loan to Houston-based Hanover Company for the construction of a six-story, 309-unit multi-family project in Laguna Niguel, Calif. Citizens leads $98.7 million loan to Houston-based Hanover Companyįunds will finance construction of six-story multi-family housing project in Orange County, Calif.
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