BWE recently closed a $4.5 million loan to provide long-term financing for Legacy at Walton Trail, an affordable housing development specifically designed for seniors in Villa Rica, GA. Victor Agusta Jr., Executive Vice President in BWE’s Raleigh office, originated the Freddie Mac Targeted Affordable Housing loan on behalf of Walton Communities.
Legacy at Walton Trail consists of 90 one and two bedroom apartments that are available to adults aged 55 or older who earn between 30% and 80% of the area median income. A portion of these units will also be subsidized with a long-term Section 8 contract while being financed by 9 percent Low Income Housing Tax Credits as well as a loan from the Housing Authority of Villa Rica with an 18 year term and 35 year amortization period.
This post was written to inform readers about BWE providing $4.5 million financing for senior housing in Villa Rica, GA
