Section 538 loans in Maine
USDA's public file lists 2 Section 538 guaranteed loans in Maine, $1,345,719 in all, financing 40 apartments. 0 of them also used housing tax credits. The median loan covered 97% of total development cost.
Lenders on these loans
- KEYBANK NA2
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 |
|---|---|---|---|---|---|
| Hilltop Manor Apartments Bradford · Rehab/Repair · KEYBANK NA | 2007 | $637,432 | 97% | 16 | $810 / $860 / - |
| Sunshine Village Apartments Corinna · Rehab/Repair · KEYBANK NA | 2007 | $708,287 | 97% | 24 | $725 / $775 / - |