United Bank provided $550,000 in secondary financing to The Morrow Companies for the construction of Graceway Apartments, a 48-unit affordable, multi-family project for seniors to be built in Fairhope, Alabama. A substantial portion of the funding is from United Bank’s 2017 Capital Magnet Fund Award managed by UB Community Development, a community development partner of United Bank. United Bank also provided $3.3 million in additional funding, as a participant in BBVA Bank’s construction facility.
