Wespath Affordable Housing Loans:
Bishop Gardens – Justin, TX
| Wespath Benefits and Investments and its subsidiaries, including Wespath Institutional Investments, participate in the Positive Social Purpose Lending Program. The information below provides details about a property recently financed through this program. |
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Wespath Benefits and Investments, through it’s Positive Social Purpose Lending Program and in partnership with Cinnaire, purchased a participation in a loan providing financing for Bishop Gardens, a 72-unit Low Income Housing Tax Credit property. Sixty units at the project are restricted to households with income levels up to 60% of the area median income. Common area amenities at the project include a business/computer center, fitness center, community room, swimming pool and playground. |
 Image Source: Cinnaire |
Transaction Summary |
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| Property Name: | Bishop Gardens |
| Location: | 200 Hardeman Blvd., Justin, TX 76247 |
| Units: | 72 |
| Loan Amount: | $2,600,000 |
| Term: | 18 years |
| Purchase Date: | November 7, 2017 |
For more information about Cinnaire: http://cinnaire.com