How Biden Administration's Housing Action Plan Impacts Multifamily
Multifamily and financing industry officials said President Joe Biden’s newly released 13-page Housing Supply Action Plan is a step in the right direction to increase the affordable housing supply but questioned how much could be accomplished—particularly changes to the popular Low-Income Housing Tax Credit program—without legislative action this year as the mid-term election season heats up.
Alexandria Senior Housing Receives $50M Financing From BWE
Bellwether Enterprise Real Estate Capital (BWE), a mortgage banking company, has closed five loans totaling $151 million to finance nine assisted living and memory care communities across the United States...
Bellwether Enterprise closes $40 million affordable housing loan in Louisville market
Bellwether Enterprise Real Estate Capital LLC closed a $40 million direct bond purchase for the financing of Lone Oak Meadows, an upcoming affordable multifamily community at 10001 Oak Bridge Road in South Louisville, Kentucky.
Federal Housing Administration lends $25M for MF project
The Federal Housing Administration provided funds for an affordable housing project near Denver International Airport. The lender provided a $24.5 million loan insured under FHA’s 221(d)(4) new construction mortgage insurance program. Jon Killough of Bellwether Enterprise Real Estate Capital originated the interest-only loan on behalf of borrower...
Dealmaker: Bellwether Enterprise Closes $117M in Maryland, Florida
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed five loans totaling $116.9 million to finance two multifamily properties, one office portfolio and a mixed-use portfolio.
The Bright Future of Build-to-Rent Homes
For decades, the American renter has had essentially the same desires when looking for a home: ample space, privacy and affordability. Since the onset of the COVID-19 pandemic, these desires have heightened as renters’ ability to work fully remote from home or in a hybrid model has enabled them to decouple their home location from their office location. As a result, many Americans can now move out of cities or further away from their offices and change the location of their home more frequently, if they wish.
BWE Expands Presence in Washington, D.C. with Experienced Commercial Real Estate Finance Firm
Bellwether Enterprise Real Estate Capital LLC (BWE), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), announced today that it has acquired, Washington, D.C. area-based, Phillips Realty Capital (Phillips). With offices in Bethesda, MD as well as Alexandria, Charlottesville and Richmond, VA, Phillips has been a fixture in the Washington, D.C. real estate community for 85 years. Led by C. Stephen Shaw, Jr., now executive vice president, the team of experienced commercial real estate finance professionals will now be part of a national, privately-owned platform that will provide expanded financing solutions for its clients.