Newport, KY

Skypoint is a 45-unit condominium project on a hilltop site with extraordinary city views developed in the shell of a vacant former nursing home. The Catalytic Fund’s development services and pre-development loan allowed developer, 120 Main LLC, to make site improvements and build a model unit to generate the pre-sales needed to trigger construction financing. The Catalytic Fund also provided a subordinate construction loan to complete the capital stack for the project.