Dan Baker Of Bellwether Enterprise Secures $18.5M Refinance For St. Louis Multifamily

The loan provided by Dan Baker of Bellwether Enterprise (BWE) was for a total amount of $18,500,000 to refinance three workforce housing communities in St. Louis. The properties financed include One Loop Apartments, Broadway Park Apartments, and Park Vue Flats, with a combined total of 247 units. The loan terms consist of a fixed rate with five-year terms and full-term interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,500,000
• Address: 1135 Hodiamont Avenue, 819 Gustav Avenue & 3647 Delor Street
• Market: St. Louis
• Lender: Dan Baker - Bellwether Enterprise (BWE)
• Landlord: Affinity Capital LLC
• Loan Type: Refinance
• Loan Terms: Fixed rate with five-year terms and full-term interest-only payments
• Units: 247

Affinity Capital LLC and a local developer were the borrowers who benefited from the lower interest rates offered by Fannie Mae's program, secured through Dan Baker of BWE's St. Louis office. The loan arrangement included the three mentioned workforce housing communities, providing financial support for the properties' continued operation and development.