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Wespath Affordable Housing Loans:
Galloway Meadows – Easton, MD

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.

Wespath, through its Positive Social Purpose Lending Program and in partnership with Cinnaire, purchased a participation in a loan providing financing for Galloway Meadows, a 72-unit Low Income Housing Tax Credit property in Easton, MD. Unit amenities include an appliance package, central air conditioning, wiring for high-speed DSL Internet and blinds on all of the windows. Community amenities include a tot lot, green open spaces, and a community building with resident meeting space and warming kitchen, computer room with computer stations for resident use, laundry facilities and offices for management and maintenance personnel. A service coordinator is available to residents to help connect them with various service providers in the area, including a multicultural resource center and a violence prevention center.

Galloway Meadows Exterior
Image Source: Cinnaire


Transaction Summary

Property Name: Galloway Meadows
Location: 29418 Matthewstown Road, Easton, Maryland 21601
Units: 72
Loan Amount: $805,000
Term: 15 years
Purchase Date: April 25, 2019


For more information about Cinnaire: