Section 538 loans in Alaska
USDA's public file lists 12 Section 538 guaranteed loans in Alaska, $17,120,745 in all, financing 396 apartments. 12 of them also used housing tax credits. The median loan covered 22% of total development cost.
Lenders on these loans
- BELLWETHER ENTERPRISE REAL ESTATE5
- BONNEVILLE MORTGAGE COMPANY, LLC4
- CENTENNIAL MORTGAGE INC3
Lender names as USDA records them. Open Country is not affiliated with any lender listed.
| Project | Closed | Loan | Loan to cost | Units | 1BR / 2BR / 3BR rent |
|---|---|---|---|---|---|
| Wasilla Aspen Pines Apts Wasilla · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2023 | $2,721,750 | 22% | 40 | - / $1,085 / $1,354 |
| Willow Pointe Apartments Palmer · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2023 | $600,000 | 11% | 24 | $976 / - / $1 |
| Vista Rose Apartments II Wasilla · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2019 | $1,357,995 | 18% | 36 | $821 / $975 / - |
| Munaqsri Senior Apartments Nome · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2019 | $726,000 | 9% | 15 | $1,630 / - / - |
| Vista Rose Apartmentsr Wasilla · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $1,400,000 | 16% | 42 | $1,096 / $1,100 / - |
| Woodridge Apartments Kenai · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2010 | $2,210,000 | 59% | 24 | $1,179 / $1,326 / - |
| Tanana Apartments North Pole · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2010 | $1,586,000 | 30% | 31 | $812 / $960 / - |
| Conifer Woods Apartments Homer · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2010 | $1,530,000 | 32% | 32 | $735 / $867 / - |
| Laurawood Arms Apartments Soldonta · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2010 | $1,039,000 | 43% | 23 | $753 / - / - |
| Northridge Terrace Palmer · Rehab/Repair · LIHTC · CENTENNIAL MORTGAGE INC | 2009 | $1,425,000 | 32% | 36 | $646 / $764 / - |
| Forest Apartments Palmer · Rehab/Repair · LIHTC · CENTENNIAL MORTGAGE INC | 2009 | $1,215,000 | 28% | 32 | $646 / $764 / - |
| Fir Terrace Apartments Kodiak · Rehab/Repair · LIHTC · CENTENNIAL MORTGAGE INC | 2009 | $1,310,000 | 13% | 61 | $841 / $932 / - |