Affordable housing development for San Antonio lands financing May 7, 2021
Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, Inc., announced today the closing of a $31,800,000 loan deal for the construction of Applewood Ranch Apartments, a new affordable multifamily property located at 6175 W Loop 1604 S, San Antonio, TX.
Phil Melton, National Director of Affordable/FHA Production, in Bellwether Enterprise’s Dallas, TX office, and Cindy Hannon, Senior Vice President in the Duluth, GA office, originated the loan on behalf of Mike Hogan, President and CEO of HomeSpring Realty Partners, and Bexar County Housing.