BWE has successfully obtained a $103 million credit facility from Fannie Mae to finance three market-rate housing developments: The Murray in Summerville, SC; 1505 Demonbreun in Nashville, TN; and 131 Ponce in Atlanta, GA.
The financing was originated by J. Tyler Blue, Paul Wallace, and Ty Blue on behalf of FCA Partners. The loans within the facility have five-year terms with full-term interest only.
According to J. Tyler Blue, “The Fannie Mae credit facility is an invaluable resource for borrowers like institutional owners who can utilize it to add or sell properties from their portfolio while still maintaining the facility.”
One of the properties included in this financing is The Murray at 500 Lama Dr in Summerville, SC. This mid-rise property was completed in 2021 and consists of 345 units. Another property is located at 131 Ponce de Leon Dr in Atlanta GA – a five-story multifamily building with280 units built-in2014.Finally,the third property includedinthe loanis151DemonbreunStinNashville,TN.This six-story multifamily development features209unitsandwasbuilt-in2014.
Overall,BWE’s successful acquisitionofthis$103millioncreditfacilitydemonstrates their expertiseandcommitmentto providing top-notch financial solutions for real estate projects across Southeastern United States.
