BWE Provides $14.3M Freddie Mac Loan For Refinancing Tuscany Park Apartment Homes

Tuscany Park Apartment Homes, an affordable housing complex in Buda, Texas, has received a refinancing loan of $14.3 million from BWE (formerly Bellwether Enterprise Real Estate Capital). The loan, provided by Jon Killough and John Roberts of BWE, is aimed at improving the financial structure of the property.

Summary of transaction details

• Property Type: Multifamily
• Loan Amount: $14,300,000
• Loan Type: Refinance
• Loan Terms: Floating interest rate and five years of interest-only payments
• Lender: BWE - Jon Killough & John Roberts
• Landlord: Envolve Communities

This refinancing deal allows Tuscany Park Apartment Homes to secure its financial position and continue providing affordable housing to the community. With most of its 176 units catering to households earning 60% or less of the area median income, this loan from BWE offers a floating interest rate and the advantage of five years of interest-only payments.