Section 538 loans in Nebraska

USDA's public file lists 2 Section 538 guaranteed loans in Nebraska, $3,828,000 in all, financing 119 apartments. 2 of them also used housing tax credits. The median loan covered 17% of total development cost.

Lenders on these loans

LUMENT REAL ESTATE CAPITAL, LLC1
BONNEVILLE MORTGAGE COMPANY, LLC1

Lender names as USDA records them. Open Country is not affiliated with any lender listed.

Source: USDA Rural Development, Section 538 guaranteed loan public data (as of October 19, 2026). Rents are average contract rents USDA recorded for each bedroom size.
Project	Closed	Loan	Loan to cost	Units	1BR / 2BR / 3BR rent
Skyline Apartments Norfolk · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC	2019	$3,123,000	21%	92	$652 / - / -
East Ward Village Apartments Mccook · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC	2014	$705,000	17%	27	$466 / $585 / -