Section 538 loans in Ohio
USDA's public file lists 94 Section 538 guaranteed loans in Ohio, $96,063,296 in all, financing 4,176 apartments. 92 of them also used housing tax credits. The median loan covered 16% of total development cost.
Lenders on these loans
- PNC BANK, N.A.36
- BELLWETHER ENTERPRISE REAL ESTATE30
- LUMENT REAL ESTATE CAPITAL, LLC17
- MERCHANTS CAPITAL CORP.7
- BONNEVILLE MORTGAGE COMPANY, LLC3
- 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 |
|---|---|---|---|---|---|
| Bainbridge Manor Bainbridge · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2026 | $672,000 | 8% | 47 | - / $640 / $773 |
| Hope Senior Village East Canton · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2023 | $1,089,000 | 12% | 40 | $550 / $750 / - |
| Harding Village Apartments Marion · New Construction · LIHTC · MERCHANTS CAPITAL CORP. | 2022 | $3,030,000 | 23% | 56 | $662 / $794 / $921 |
| Fenner Ridge Apartments Hillsboro · New Construction · LIHTC · MERCHANTS CAPITAL CORP. | 2021 | $2,750,000 | 23% | 56 | $635 / $725 / $805 |
| Eco Village Apartments Fostoria · Rehab/Repair · LIHTC · MERCHANTS CAPITAL CORP. | 2020 | $2,400,000 | 30% | 60 | - / $691 / $798 |
| Galion Arms Apartments Galion · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2020 | $1,350,000 | 22% | 44 | - / $834 / $923 |
| Village Square Peebles · Rehab/Repair · LIHTC · MERCHANTS CAPITAL CORP. | 2020 | $375,000 | 8% | 30 | $515 / $551 / - |
| Shepherd Crossing Port Clinton · New Construction · BELLWETHER ENTERPRISE REAL ESTATE | 2020 | $1,475,000 | 14% | 50 | - / $553 / $750 |
| Nelsonville Homes Nelsonville · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2019 | $1,274,500 | 24% | 40 | $798 / $881 / - |
| Buckhorn Village Apts Newcomerstown · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2019 | $850,000 | 13% | 50 | $493 / - / - |
| Vansant Commons Piketon · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2019 | $1,500,001 | 14% | 97 | $350 / $414 / $611 |
| Shyville Senior Apartments Piketon · New Construction · BELLWETHER ENTERPRISE REAL ESTATE | 2019 | $500,001 | 6% | 42 | $459 / $565 / - |
| Cambridge Village Cambridge · Rehab/Repair · LIHTC · MERCHANTS CAPITAL CORP. | 2018 | $1,550,000 | 22% | 60 | $473 / $574 / $695 |
| Lawrence Manor Apartments South Point · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2018 | $600,000 | 9% | 60 | $359 / $399 / - |
| Hopewell Cottages Hebron · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2017 | $1,425,000 | 13% | 50 | $656 / $865 / $971 |
| Valley View Place Zanesville · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2017 | $300,000 | 5% | 34 | $401 / $415 / - |
| Logan Terrace Logan · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2017 | $950,000 | 10% | 80 | $442 / $501 / - |
| Cross Creek Meadows II Chillicothe · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2016 | $750,335 | 11% | 40 | - / - / $449 |
| Green Hills Apartments West Liberty · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2016 | $930,000 | 10% | 76 | $462 / $510 / - |
| Kingston Mound Manor III Circleville · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2016 | $841,000 | 10% | 48 | - / $487 / - |
| Galion East Apartments Galion · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2016 | $1,625,000 | 26% | 57 | $498 / $730 / - |
| Majors Crossing Rock Creek · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2016 | $800,000 | 9% | 40 | $440 / $520 / $595 |
| Stone Ridge Village Louisville · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2016 | $660,000 | 8% | 40 | - / $539 / - |
| Harbor Town Senior Residence Perrysburg · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2016 | $1,450,000 | 14% | 69 | $600 / $675 / - |
| Fair Park Apartments Sardinia · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2015 | $600,000 | 11% | 40 | $475 / $658 / $715 |
| Ashley Grove Senior Residence Mt. Orab · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2015 | $837,000 | 11% | 43 | $487 / $608 / - |
| Ralston Square Apartments Defiance · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2013 | $1,000,000 | 23% | 50 | $445 / $551 / $615 |
| Montpelier Gardens Montpelier · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2012 | $1,050,000 | 29% | 41 | $701 / $756 / $832 |
| Whitehouse Square Senior Vlg Whitehouse · New Construction · LIHTC · MERCHANTS CAPITAL CORP. | 2012 | $375,000 | 7% | 32 | - / $534 / - |
| Autumn Run Millersburg · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2011 | $429,595 | 6% | 38 | - / $450 / $500 |
| Dogwood Place Mt. Vernon · New Construction · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2011 | $275,000 | 7% | 28 | $258 / $308 / - |
| Newton Senior Apartments Warren · New Construction · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2011 | $704,100 | 12% | 40 | $344 / $460 / - |
| Ridgeview Manor III Johnstown · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2011 | $300,000 | 5% | 32 | - / $514 / - |
| Cross Creek Meadows Chillicothe · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2010 | $461,864 | 5% | 32 | - / - / $463 |
| Blanchester Senior Apartments Blanchester · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2010 | $500,000 | 8% | 40 | - / $565 / - |
| Forest Park Apts West Milton · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2009 | $1,629,500 | 27% | 52 | $518 / $614 / $661 |
| Olde Hickory Coshocton · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2009 | $525,000 | 7% | 33 | - / - / $545 |
| Honeybrook Greene Utica · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2009 | $1,500,000 | 19% | 36 | - / - / $582 |
| Riverview Senior Villas Logan · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2009 | $325,000 | 6% | 40 | - / $441 / - |
| Wauseon Senior Village Wauseon · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2009 | $1,500,000 | 19% | 48 | - / $394 / - |
| Fairway Crossing Tiffin · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2009 | $1,250,000 | 16% | 35 | - / - / $537 |
| Celina Gardens Celina · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2009 | $625,000 | 15% | 32 | - / $439 / $559 |
| Ardmore Crossing Chillicothe · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2009 | $1,590,000 | 23% | 50 | $275 / $480 / $500 |
| Forest Edge Rawson · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2009 | $1,635,000 | 23% | 36 | - / - / $515 |
| Ridgewood Senior Villas Bucyrus · New Construction · LIHTC · PNC BANK, N.A. | 2009 | $1,240,000 | 17% | 60 | - / $525 / - |
| Orchard Glen Orrville · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2008 | $1,500,000 | 22% | 32 | - / - / $542 |
| Village At Skye Meadows Cambridge · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2008 | $695,000 | 13% | 40 | - / $325 / - |
| Clover Ridge Mcconnelsville · New Construction · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2008 | $550,000 | 16% | 24 | $285 / $400 / $450 |
| Quail Run Senior Villas Hillsboro · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2008 | $1,012,000 | 19% | 42 | - / $413 / - |
| Kingston Mound Manor II Circleville · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2008 | $935,000 | 11% | 50 | - / - / $525 |
| Clinton Commons II Wilmington · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2008 | $770,000 | 17% | 40 | - / $473 / - |
| Bryan Senior Housing Bryan · New Construction · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2008 | $750,400 | 13% | 32 | $322 / $360 / - |
| Creston Station Creston · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2008 | $1,335,000 | 38% | 48 | $595 / $670 / - |
| Glenwood Apartments Millersburg · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2008 | $1,575,000 | 21% | 67 | $390 / $340 / $390 |
| Village Park Homes Sunbury · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2008 | $1,140,000 | 23% | 40 | - / $578 / $688 |
| Abby's Crossing Bethesda · Rehab/Repair · LIHTC · PNC BANK, N.A. | 2008 | $285,000 | 6% | 42 | $287 / $312 / - |
| Clay Meadows Fayette · Rehab/Repair · LIHTC · PNC BANK, N.A. | 2008 | $125,163 | 3% | 48 | $325 / $425 / - |
| Clay Meadows Fayette · Rehab/Repair · LIHTC · PNC BANK, N.A. | 2008 | $159,837 | 3% | 48 | $325 / $425 / - |
| Luke's Crossing Johnstown · Rehab/Repair · LIHTC · PNC BANK, N.A. | 2008 | $195,000 | 4% | 40 | - / $335 / - |
| Luke's Crossing Johnstown · Rehab/Repair · LIHTC · PNC BANK, N.A. | 2008 | $235,000 | 5% | 40 | - / $335 / - |
| Wesley Yard Crestline · New Construction · LIHTC · PNC BANK, N.A. | 2008 | $1,475,000 | 16% | 46 | - / - / $390 |
| Beverly Senior Apartments Waverly · New Construction · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2007 | $660,000 | 20% | 32 | $356 / $445 / - |
| Lake Towne Senior Village Walbridge · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2007 | $1,650,000 | 23% | 43 | - / $385 / - |
| Faith Community Senior Housing Crestline · New Construction · LIHTC · PNC BANK, N.A. | 2007 | $978,000 | 15% | 41 | - / $253 / - |
| Walnut Run Senior Homes Cortland · New Construction · LIHTC · PNC BANK, N.A. | 2007 | $850,000 | 15% | 40 | - / $453 / - |
| Port Clinton Pointe Port Clinton · New Construction · LIHTC · PNC BANK, N.A. | 2007 | $1,500,000 | 26% | 46 | - / $322 / $365 |
| Countryside Commons Sidney · New Construction · LIHTC · PNC BANK, N.A. | 2007 | $1,320,000 | 25% | 60 | - / $429 / - |
| Glennview Apartments Washington Court House · Rehab/Repair · LIHTC · PNC BANK, N.A. | 2007 | $1,450,000 | 48% | 56 | - / $492 / $617 |
| Alexander Yard New Lexington · Rehab/Repair · LIHTC · PNC BANK, N.A. | 2007 | $310,000 | 6% | 42 | - / $380 / - |
| Bristol Court Apartments Waverly · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2007 | $2,392,000 | 54% | 82 | $331 / $397 / - |
| Meadow Glen Carey · Rehab/Repair · LIHTC · PNC BANK, N.A. | 2007 | $400,000 | 11% | 50 | $305 / $350 / $370 |
| Lockwood Greene Loudonville · New Construction · LIHTC · PNC BANK, N.A. | 2006 | $875,000 | 22% | 26 | - / $465 / $500 |
| Morrison Place Georgetown · New Construction · LIHTC · PNC BANK, N.A. | 2006 | $725,000 | 18% | 30 | - / $417 / $555 |
| Chartwell Greene Mt. Gilead · New Construction · LIHTC · PNC BANK, N.A. | 2006 | $1,350,000 | 22% | 40 | - / - / $520 |
| Linden Greene Jamestown · New Construction · LIHTC · PNC BANK, N.A. | 2006 | $1,475,000 | 21% | 38 | - / - / $490 |
| Webster Greene Peebles · New Construction · LIHTC · PNC BANK, N.A. | 2006 | $1,250,000 | 19% | 36 | - / $475 / $498 |
| Villas Of Wayne Trail Defiance · New Construction · LIHTC · PNC BANK, N.A. | 2006 | $1,150,000 | 17% | 42 | $450 / $500 / - |
| Harmony Senior Village Williamsburg · New Construction · LIHTC · PNC BANK, N.A. | 2006 | $900,000 | 23% | 30 | - / $436 / - |
| Craig Beach Homes Lake Milton · New Construction · LIHTC · MERCHANTS CAPITAL CORP. | 2006 | $645,000 | 20% | 20 | - / - / $575 |
| Ashville Senior Ashville · New Construction · LIHTC · PNC BANK, N.A. | 2006 | $925,000 | 20% | 40 | - / $426 / - |
| Fox Run Crossing Piketon · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $1,500,000 | 23% | 50 | $415 / $475 / $555 |
| Huston Hills Cambridge · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $1,930,000 | 26% | 50 | - / $485 / $545 |
| Russell's Place Barnesville · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $720,000 | 19% | 32 | $460 / $520 / - |
| Troon Crossing Zanesville · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $2,350,000 | 23% | 60 | - / $560 / $640 |
| The Gables At Countryside Lane Cadiz · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $590,000 | 18% | 24 | - / $420 / $480 |
| Heritage Greene Washington Court House · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $1,500,000 | 25% | 50 | $460 / $560 / $590 |
| Quail Meadow Fostoria · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $1,500,000 | 23% | 50 | - / $505 / $590 |
| Meadow Estates II Shelby · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $270,000 | 10% | 32 | - / $331 / - |
| Riverview Bluffs New Richmond · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $239,175 | 5% | 36 | $411 / $511 / - |
| Riverview Bluffs New Richmond · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $1,010,825 | 27% | 36 | $410 / $511 / - |
| Falls Manor Zanesville · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $435,000 | 9% | 32 | - / - / $474 |
| Fox Run Senior Apartments Greenville · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $1,300,000 | 20% | 60 | - / $442 / $541 |
| Kingston Mound Manor Circleville · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $900,000 | 13% | 47 | - / - / $550 |
| Devon House Tiffin · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $777,000 | 23% | 40 | $430 / $490 / $550 |