Bellwether Enterprise Real Estate Capital LLC recently closed four loan deals totaling $72,069,154 for affordable senior housing in Chicago, Franklin Park, and Des Plaines IL, and affordable multifamily housing in Baltimore, MD and Newark, NJ.
 
Victor Agusta, EVP in Bellwether Enterprise’s Raleigh, NC office, originated all four loans. The deals include:
 
• Heiwa Terrace, a $28,500,000 Federal Housing Authority 221(d)(4) insured construction and permanent loan with 4% Low-Income Housing Tax Credits on behalf of the sponsor, the Japanese American Service Committee, for the renovation and preservation of a 200-unit age-restricted property at 920 W Lawrence Ave. in Chicago.

• Franklin Tower (Franklin Park) and Henrich House (Des Plaines), a $6,550,000 Freddie Mac Multifamily Affordable Housing permanent loan on behalf of the sponsor, the Housing Authority of Cook County, after the substantial renovation of two midrise towers. Both serve low-income seniors.

• City View at McCulloh, a $29,129,154 FHA Interest Rate Reduction loan on behalf of The Community Builders, for the refinancing of a recently renovated, 350-unit affordable multifamily housing complex in Baltimore. 
 
• Aston Heights, a $7,890,000 Freddie Mac permanent loan on behalf of Pennrose Properties, for a newly constructed affordable multifamily development in Newark.