Construction financing for Creekview was provided by IBC. IBC purchased the bonds through a tax-exempt bond offering for $25MM. The permanent financing is a rate-locked, forward commitment from Freddie Mac for a tax-exempt loan of up to $25MM. The bonds and equity financing closed July 2017. The Contractor will break ground on the project in August 2017. Completion: June 2020. It is forecast for 100% occupancy by December 2020. The 42 Equity Partners is the equity investor in this development. Total development costs of $49MM are budgeted and financed. RISE is the key principal in the IBC and Freddie Mac loans.