Bellwether Arranges Refis on Projects in Texas and Arkansas
Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc., recently closed three loans totaling $56,850,000 for affordable multifamily housing communities in Austin and San Antonio, TX and Fayetteville, AR.
Phil Melton, national director of affordable and FHA production in Bellwether Enterprise’s Dallas, office, originated both loans in Texas. Melton and Cindy Hannon, SVP in the Atlanta office, originated the loan in Arkansas.
The deals are:
• Waters at Bluff Springs (Austin), a $33,938,000 Freddie Mac Targeted Affordable Housing (TAH) refinance loan for a mixed-income property located at 7707 South IH-35 Frontage Road.
• Waters at Elm Creek (San Antonio), an $18,592,000 Freddie Mac TAH refinance loan for a mixed-income property at 11910 Orsinger Ln.
• Highpoint Apartments (Fayetteville), a $4,320,000 Freddie Mac refinance loan for an 88-unit Section 8 multifamily housing property located at 1101 Curtis Ave.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).