The $14.5 million Fannie Mae loan facilitated by Bellwether Enterprise (BWE) was used to acquire Page Tower, a 169-unit affordable housing building located at 619 Central Avenue in Cincinnati. The property, built in 1971, offers amenities such as a community room, mail room, central laundry area, 7,500 square feet of commercial space on the first floor, and is under a 100 percent Section 8 HAP contract for four years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,500,000
• Units: 169
• Lender: Victor Agusta Jr. - Bellwether Enterprise (BWE)
• Loan Terms: Seven-year loan with 24 months of interest-only payments and a 35-year amortization

Victor Agusta Jr. of Bellwether Enterprise (BWE) played a key role in originating the seven-year loan for the acquisition of Page Tower in Cincinnati. The loan features 24 months of interest-only payments and a 35-year amortization schedule, making it an essential financial component of this multifamily property purchase.