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© 2019 by Bellwether Enterprise Real Estate Capital, LLC, a subsidiary of Enterprise Community Investment, Inc.

Home / Expertise / Affordable Housing Group

AFFORDABLE HOUSING GROUP

LET US INVEST IN YOU.

Bellwether Enterprise is on a mission, working to finance the country’s growing affordable housing needs. Together with our parent company, Enterprise Community Investment Inc., and the Enterprise family of companies, Bellwether Enterprise is committed to the affordable housing needs of the country.  As the largest non-bank debt origination platform dedicated to affordable housing finance, we are one source for many solutions.

A STRATEGIC PARTNERSHIP

Market knowledge and best-in-class customer commitment on every deal, and target equity placements of $3,000,000 - $100,000,000+ per transaction.
Extensive client base and equity relationships include operators, sponsors, developers, portfolio owners, pension funds, opportunistic real estate funds, insurance companies, endowments, private REITs, & family offices

IN THE NEWS

Staunton affordable housing complex to see renovations thanks to $10 million loan

2019-07-02

STAUNTON - A Tennessee-based realty company has purchased a multi-family housing complex in Staunton for the hefty sum of $10 million. LEDIC Realty Company closed on the property — Willow View Townhomes — earlier this week, according to a release.

MONTGOMERY, AL

Bellwether Enterprise Arranges $10M for Affordable Virginia Asset

2019-07-02

LEDIC Realty Co. has landed $10.1 million in financing for Willow View Townhomes, an affordable housing community in Staunton, Va. Senior Vice President of Bellwether Enterprise’s Alabama office, Jon Killough, arranged the loan that LEDIC will use to purchase and renovate the 110-unit asset. Empire Construction is set to rehabilitate the property.

MONTGOMERY, AL

Dealmaker: Bellwether Enterprise Arranges $115M for 12 Affordable Housing Communities

2019-06-19

Bellwether Enterprise Real Estate Capital, Cleveland, closed $115 million in financing to enable Atlantic Housing Foundation to purchase 12 affordable housing communities in South Carolina, North Carolina, Virginia, Georgia and Florida.

DALLAS, TX

Bellwether Enterprise Finances Four Affordable Housing Properties in S.C.

2019-06-07

Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), announced today the closing of $115,000,000 in financing to enable Atlantic Housing Foundation, Inc. to purchase 12 affordable housing communities across South Carolina, North Carolina, Virginia, Georgia, and Florida. The deal, comprising three separate transactions, delivers vital financing for 1,776 affordable homes in communities throughout the Southeast, and underscores Bellwether’s commitment to providing housing options for all.

DALLAS, TX

Bellwether Arranges $115M in Acquisition Financing for 12 Affordable Housing Communities in the Southeast

2019-06-06

CLEVELAND — Bellwether Enterprise has arranged a total of $115 million in acquisition financing for 12 affordable housing communities in South Carolina, North Carolina, Georgia, Florida and Virginia. The borrower, Atlantic Housing Foundation Inc., used the financing to purchase the 1,776-unit portfolio.

DALLAS, TX

Bellwether Enterprise Closes $115 Million in Financing for 12 Affordable Housing Communities across the Southeast

2019-06-05

Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc., announced the closing of $115,000,000 in financing to enable Atlantic Housing Foundation, Inc. to purchase 12 affordable housing communities across South Carolina, North Carolina, Virginia, Georgia, and Florida. The deal, comprising three separate transactions, delivers vital financing for 1,776 affordable homes in communities throughout the Southeast, and underscores Bellwether’s commitment to providing housing options for all.

DALLAS, TX

Bellwether Enterprise Secures $115M Acquisition Financing for Affordable Housing Portfolio in Southeast

2019-06-04

Bellwether Enterprise Real Estate Capital secured $115 million in financing for the acquisition of 12 affordable housing properties in South Carolina, North Carolina, Virginia, Georgia and Florida. The properties, which include 1,776 homes, were acquired in three separate transactions by Atlantic Housing Foundation Inc.

DALLAS, TX

Finance options for workforce housing projects

2019-05-15

Denver's lack of workforce housing is detrimental to economic development and our city's diversity. Poor housing options make it unattractive and sometimes even unattainable for employees to settle in Denver. It doesn't have to be this way. There is more opportunity than ever for market-rate real estate developers to think about development differently so that Denver becomes the inclusive and diverse city that we all want it to be.

DENVER, CO

A 30-Day Firm Commitment from HUD… Where Do I Sign?

2019-03-29

On February 21, the U.S. Department of Housing and Urban Development (HUD) issued Housing Notice 2019-03 announcing the 221(d)4 / Low-income Housing Tax Credit (LIHTC) Pilot Program. The notice establishes an expedited review process, with the goal of issuing a firm commitment in 30 days and then close in another 60 days. If achieved, HUD will become the capital source for new construction or substantial rehab tax credit projects.

CLEVELAND, OH (HQ)

Austin Multifamily Market's New Focus: Workforce Housing

2019-04-12

As demand for housing increases with Austin’s growing population, all eyes are on the multifamily housing market. But with rents rising as well, pressure on the already-sparse affordable housing stock is more intense than ever.

DALLAS, TX

Liberty Bank Building Ribbon Cutting March 233

2019-03-21

Celebrating the village that built the Liberty Bank Building in Central District Seattle, WA…

NEW YORK, NY

Replanting' - Liberty Bank Building's opening hoped to be new start in the Central District

2019-03-25

More than 100 new affordable homes — and the start of what many hope will be a wave of equitable development across the Central District — are now full of life in the Liberty Bank Building. The development led by nonprofit developer Capitol Hill Housing and community development group Africatown celebrated with a ribbon cutting, party, and tours Saturday at 24th and Union.

NEW YORK, NY

The Curve rises from former mobile home park

2019-02-16

MOORE - A nearly 50-year-old mobil home park wiped out by the May 20, 2013, tornado, in one of Moore's poorest neighborhoods, is finally being replaced with the city's first low income housing development.

MONTGOMERY, AL

SRO Mark Twin Hotel to be renovated with $53 million in financing

2019-02-12

The NHP Foundation (NHPF) says it has finalized $53 million in financing to renovate the 90-year old Mark Twain Hotel, a mixed use Single Room Occupancy (SRO) property the organization acquired in 2016.

RALEIGH, NC

Financing Closes on Historic Chicago SRO The Mark Twain Renovations Will Preserve 148 Units of Affordable Housing

2019-02-12

The NHP Foundation (“NHPF”), a national not-for-profit provider of affordable housing, announced today that it has finalized financing to renovate the 90-year old Mark Twain Hotel, a mixed use Single Room Occupancy (“SRO”) property the organization acquired in 2016.

RALEIGH, NC

Historic Chicago Building Receives $53M Loan

2019-02-08

The NHP Foundation has closed on a $53 million loan for the renovation of the roughly 90-year-old Mark Twain Hotel in Chicago, which the non-profit acquired in 2016. The Art Deco-style building will feature 148 affordable studios and 9,000 square feet of retail space for seven stores. The overhaul is possible under Chicago’s single-room occupancy preservation ordinance, which incentivizes property owners to continue offering housing at affordable rates.

RALEIGH, NC

Partners Rebuilding Affordable Housing Stock in Moore, Okla.

2019-02-12

The Curve Apartments will bring 244 affordable and market-rate units to Moore, Okla., which was devastated by a 2013 tornado.

MONTGOMERY, AL

Bellwether Enterprise Closes Over $532 Million in Loan in Q4

2019-02-04

Bellwether Enterprise Real Estate Capital reported closing more than $532 million in loans for affordable housing properties in the recently completed fourth quarter.

DALLAS, TX

Workforce housing group eyes four apartment complex purchases in 2019

2019-01-17

An investment group focused on preserving workforce housing units around Austin has announced plans to add 1,200 more apartment units to its portfolio in 2019.

DALLAS, TX

FIND YOUR AFFORDABLE HOUSING SPECIALIST

Led by Phil Melton in Dallas, our team of skilled loan originators, located throughout the country, has 140 plus years of combined experience and an estimated $5 billion in loan originations. In the complex world of affordable housing finance, Bellwether Enterprise serves the needs of property owners, developers and investors.​

CASE STUDIES

Cypress Creek at Parker Boulevard

Royse City, Texas

$19,605,000

McCarty Commons

San Marcos, Hay County, Texas

$30,298,700

The Curve

Moore, Oklahoma

$19,000,000

Building 9

Seattle, Washington

$7,965,000

St. John's Apartments

San Antonio, Texas

$23,000,000

REPRESENTATIVE TRANSACTIONS