Bellwether Arranges Refis on Projects in Texas and Arkansas

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Bellwether Venture Property Resources LLC, the industrial as well as multifamily mortgage banking subsidiary of Enterprise Area Financial investment Inc., recently closed three loans amounting to $56,850,000 for budget friendly multifamily real estate communities in Austin and also San Antonio, TX and also Fayetteville, AR.

Phil Melton, nationwide supervisor of affordable and FHA manufacturing in Bellwether Enterprise’s Dallas, workplace, originated both lendings in Texas. Melton and also Cindy Hannon, SVP in the Atlanta workplace, came from the financing in Arkansas.

The offers are:

– Waters at Bluff Springs (Austin), a $33,938,000 Freddie Mac Targeted Budget Friendly Housing (TAH) refinance lending for a mixed-income residential property located at 7707 South IH-35 Frontage Roadway.

– Waters at Elm Creek (San Antonio), an $18,592,000 Freddie Mac TAH refinance finance for a mixed-income home at 11910 Orsinger Ln.

– Highpoint Apartments (Fayetteville), a $4,320,000 Freddie Mac re-finance finance for an 88-unit Area 8 multifamily housing building located at 1101 Curtis Ave.

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