Parse Capital Invests $17.4 Million of Preferred Equity in Exton, Pennsylvania Multifamily Development

January 8, 2019 – Parse Capital (“Parse”) has made a $17.4 million preferred equity investment in  Parkview at Oaklands, a luxury apartment project in Exton, Pennsylvania.

Once complete, the project will consist of 291 market-rate apartment homes in a four-story low-rise multifamily housing community. Project construction commenced in August 2018 and is expected to be completed in the Summer of 2020.

Parse’s investment was part of a larger financing package, which also included a first mortgage loan provided by Citizens Bank, and a significant equity investment made by the sponsor and their partners.