Over the last six months of 2022, BWE’s Direct Bond Purchase program closed more than $176 million in tax-exempt and taxable bond purchase transactions. These proceeds provided construction and permanent financing to preserve or create 1,060 affordable housing units in Texas, Washington, and North Carolina.
“In a shifting economic landscape where we saw rising rates, increase in construction costs, and capital exiting the market, BWE’s private placement team’s creativity, flexibility and strong investor relationships provided our borrowers certainty of execution. Our investors are committed to expanding their capital deployment in 2023 and we have good momentum heading into this year,” said Jim Gillespie, Executive Vice President at BWE.
For more information on BWE’s Direct Bond Purchase program, please email Jim at Jim.Gillespie@bwe.com.