Section 538 loans in Connecticut
USDA's public file lists 3 Section 538 guaranteed loans in Connecticut, $5,641,250 in all, financing 161 apartments. 2 of them also used housing tax credits. The median loan covered 48% of total development cost.
Lenders on these loans
- BONNEVILLE MORTGAGE COMPANY, LLC2
- CHURCHILL MORTGAGE INVESTMENT LLC1
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 |
|---|---|---|---|---|---|
| Eastwind Village Plainfield · Rehab/Repair · CHURCHILL MORTGAGE INVESTMENT LLC | 2021 | $1,462,000 | 70% | 41 | $785 / - / - |
| Lafayette Green Clinton · Other · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2009 | $1,633,500 | 48% | 48 | $719 / - / - |
| Ambleside I & II Westbrook · Other · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2009 | $2,545,750 | 43% | 72 | $715 / $737 / - |