facebook
Traded Co logo
Submit a Deal

BWE Secures $21.8M Bridge Loan For Orchard Park Apartments In Salem, Oregon

4100 Kacey Circle Northeast
PointingArrow
Share

This MultiFamily property located in OR received a loan of $21,800,000 5 months ago.

Orchard Park Apartments, a 224-unit affordable housing complex located at 4100 Kacey Circle Northeast in Salem, Oregon, has been acquired and preserved by Bellwether Enterprise. The property, valued at $21.8 million, has been secured through a bridge loan facilitated by Jim Gillespie and Ilya Weinstein. This multi-family asset is set to provide affordable housing options in the Salem market.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $21,800,000
  • Loan Type: Bridge
  • Lender: Jim Gillespie & Ilya Weinstein - Bellwether Enterprise

Bellwether Enterprise, a national commercial and multifamily mortgage banking company, played a crucial role in securing the financing for Orchard Park Apartments. This transaction will ensure the preservation and availability of affordable housing units in Salem, Oregon. Through their expertise in the mortgage banking industry, Gillespie and Weinstein have successfully facilitated the acquisition of this affordable housing complex, contributing to the community's housing needs.

View Related

Deals
  • Loan Value
    $21,800,000$21,800,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Lender1 Lender

Bellwether Enterprise

Bellwether Enterprise

Lender
Deals24
Volume$ 86.7M

Deal Summary

LOAN IMAGE: Jim Gillespie & Ilya Weinstein DATE: 09/29/2023 ADDRESS: 4100 Kacey Circle Northeast MARKET: Salem, OR ASSET TYPE: MultiFamily ~ UNITS: 224 LENDER: Jim Gillespie & Ilya Weinstein - Bellwether Enterprise LOAN AMOUNT: $21,800,000 LOAN TYPE: Bridge NOTE: BWE, a national commercial and multifamily mortgage banking company, has successfully secured a $21.8 million bridge loan to acquire and preserve Orchard Park Apartments, a 224-unit affordable housing complex in Salem, Oregon. Gillespie

Comparables


We could not find what you were looking for, try a different filter
  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits