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BWE has closed a $4.5 million loan to Legacy at Walton Trail, a Villa Rica housing development specifically targeted for seniors

BWE Provides $4.5M Financing for Villa Rica Senior Housing

BWE has closed a $4.5 million loan to provide long-term financing to Legacy at Walton Trail, a newly constructed affordable housing development specifically targeted for seniors in Villa Rica, GA.

Victor Agusta, Jr., Executive Vice President in BWE’s Raleigh, NC office, originated the Freddie Mac Targeted Affordable Housing loan on behalf of Walton Communities.

Built on the site of obsolete public housing, Legacy at Walton Trail comprises 90 one- and two-bedroom apartments. The homes will be available to adults aged 55 or older who earn between 30 percent and 80 percent of the area median income. A portion of the units will also be subsidized with a long-term Section 8 contract.

The loan for Legacy at Walton Trail includes an 18-year term with a 35-year amortization. The property is also financed with 9-percent Low-Income Housing Tax Credits and a loan from the Housing Authority of Villa Rica. 

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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