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Blue Ridge Apartment Homes Lock in $34M in HUD Financing
HUD financing of $34.38 million was recently provided for Blue Ridge Apartment Homes, a 290-unit gated apartment community located in Midland, TX. Built in 2011, the property consists of 15, two- and three-story apartment buildings and 16 ancillary buildings on 15.5 acres.
Its amenities include a business center, clubhouse, fitness center and reserved covered parking. The loan includes a Green Mortgage Insurance Premium Reduction set at 25 basis points because Blue Ridge Apartment Homes qualifies as green/energy-efficient housing.
Dwight Capital managing director Brandon Baksh originated this transaction.
- ◦Financing
Apartment buildings for sale
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Weatherford, TXTexas + Apartment Buildings
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $5,160,000 No. of Units: 60 Average Occupancy: 98 Year Built: 1973 Building Size: 44700 Sq ft Lot Size: 4.05 Acres No. of Stories: 2 APN: R000047582 No. of Parking Spots: 100 Opportunity Zone: No Price per unit: $86,000
