Section 538 loans in Oklahoma
USDA's public file lists 61 Section 538 guaranteed loans in Oklahoma, $68,883,754 in all, financing 3,153 apartments. 60 of them also used housing tax credits. The median loan covered 18% of total development cost.
Lenders on these loans
- BONNEVILLE MORTGAGE COMPANY, LLC21
- CHURCHILL MORTGAGE INVESTMENT LLC14
- GREYSTONE SERVICING COMPANY LLC9
- LUMENT REAL ESTATE CAPITAL, LLC9
- BANK OF OKLAHOMA, N.A.7
- PNC BANK, N.A.1
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 |
|---|---|---|---|---|---|
| Garden Walk Of Tahlequah Tahlequah · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2026 | $9,800,000 | 38% | 174 | $575 / $675 / $825 |
| Garden Walk Of Vian & Sallisaw Sallisaw · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2026 | $2,275,000 | 18% | 103 | $638 / $763 / $847 |
| The Willows Apartments Checotah · Rehab/Repair · BONNEVILLE MORTGAGE COMPANY, LLC | 2026 | $460,000 | 11% | 24 | $801 / $963 / - |
| Gardenwalk Of Pocola & Poc-ark Arkoma · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2025 | $1,600,000 | 15% | 80 | $660 / $790 / $900 |
| Gardenwalk Of Leflore Poteau · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2024 | $1,600,000 | 16% | 72 | $650 / $750 / $800 |
| Gardenwalk Of Roland Roland · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2024 | $2,200,000 | 18% | 103 | $655 / $705 / $800 |
| Gardenwalk Of Commerce Commerce · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2023 | $1,000,000 | 14% | 59 | $525 / $621 / - |
| Eagle Crest Apartments Cushing · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2022 | $825,000 | 11% | 56 | $490 / $606 / $685 |
| Blanchard Village Blanchard · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $317,000 | 34% | 8 | $625 / $725 / - |
| Bristow Place Apartments Bristow · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $1,560,000 | 48% | 28 | - / $725 / $825 |
| Drumright Village And Place Drumright · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $2,231,000 | 47% | 40 | $600 / $725 / $850 |
| Davis Village Davis · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $2,257,000 | 53% | 44 | - / $775 / - |
| Grove Village Grove · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $1,757,000 | 41% | 40 | $600 / $725 / - |
| Morrison Village Morrison · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $740,000 | 49% | 12 | $550 / $700 / $875 |
| Okemah Village Okemah · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $830,000 | 29% | 28 | - / $674 / $775 |
| Park 28 Apartments Adair · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $670,000 | 48% | 11 | - / $700 / - |
| Red Rock Apartments Locust Grove · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $568,000 | 39% | 13 | - / $600 / - |
| Town Oak XIV Apartments Stratford · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $788,000 | 35% | 22 | $675 / $720 / $950 |
| Wynnewood Village Wynnewood · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $760,000 | 52% | 15 | $675 / $750 / - |
| Villas Of Benedictine Pointe Guthrie · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2020 | $975,000 | 7% | 53 | $465 / $575 / - |
| Villas Of Benedictine Pointe Guthrie · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2020 | $645,000 | 5% | 53 | $465 / $575 / - |
| Gardenwalk Of Checotah Checotah · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2019 | $515,000 | 11% | 48 | $430 / $500 / $550 |
| Gardenwalk Of Coweta Coweta · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2019 | $1,665,000 | 14% | 126 | $400 / $475 / - |
| Savannahpark Of Healdton Healdton · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $425,000 | 15% | 24 | $462 / $564 / - |
| Parkridge Estates Altus · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $1,200,000 | 24% | 60 | $555 / - / - |
| Gardenwalk Of Grove Grove · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $1,600,000 | 17% | 100 | $435 / $510 / $560 |
| Gardenwalk Of Fort Gibson Fort Gibson · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $1,144,557 | 14% | 91 | $400 / $445 / $516 |
| Gardewalk Of Jones Jones · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $835,000 | 22% | 32 | $500 / $600 / $700 |
| Savannah Park Of Jay & Grove Jay · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2018 | $1,245,000 | 15% | 88 | $438 / $520 / - |
| Haley's Village Chouteau · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2018 | $292,000 | 7% | 44 | $505 / $600 / $715 |
| Duncan Village Duncan · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2018 | $1,663,000 | 44% | 48 | - / $555 / - |
| North Park Inola · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2018 | $483,000 | 50% | 12 | $525 / $615 / - |
| Kelly Creek Kellyville · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2018 | $467,000 | 37% | 14 | - / $640 / - |
| Lexington Village Lexington · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2018 | $302,000 | 41% | 8 | $545 / $640 / - |
| Maysville Terrace Maysville · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2018 | $550,000 | 39% | 16 | $452 / $562 / - |
| Meeker Village Meeker · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2018 | $1,104,000 | 28% | 35 | $445 / $555 / $635 |
| Town Oak IV Pauls Valley · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2018 | $940,000 | 29% | 29 | $450 / $560 / $655 |
| Wellston Village Wellston · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2018 | $465,000 | 40% | 14 | $465 / $565 / $665 |
| Gardenwalk Of Idabel Idabel · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2017 | $725,000 | 14% | 52 | $430 / $516 / $560 |
| Gardenwalk Of Muldrow Muldrow · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2017 | $1,060,000 | 16% | 72 | $390 / $425 / $500 |
| Progressive Rural Housing Apts Perry · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2017 | $2,950,000 | 38% | 107 | $494 / $532 / - |
| Oakmont Estates I Tishomingo · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2016 | $350,000 | 15% | 24 | $525 / $600 / - |
| Oakmont Estates II Antlers · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2016 | $448,500 | 15% | 36 | $440 / $480 / $525 |
| Garden Walk Of Sallisaw Apts Sallisaw · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2015 | $698,771 | 7% | 99 | $365 / $400 / $440 |
| Red Cedar Village, L.P. Harrah · New Construction · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2013 | $1,027,500 | 17% | 40 | $515 / $650 / - |
| Garden Walk Of Oologah Oologah · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2012 | $600,641 | 13% | 56 | $400 / $506 / $598 |
| Cottage Park Apartments Guthrie · New Construction · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2012 | $1,385,500 | 28% | 34 | $405 / $638 / - |
| Ada Heights Apartments Ada · New Construction · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2011 | $410,000 | 8% | 56 | $424 / $499 / $584 |
| Garden Walk Broken Bow Broken Bow · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2011 | $875,000 | 12% | 96 | $390 / $425 / $475 |
| Garden Walk Of Poteau Poteau · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2011 | $409,179 | 7% | 84 | $400 / $430 / $470 |
| Garden Walk Of Stilwell Stilwell · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2011 | $821,142 | 9% | 116 | $365 / $390 / $440 |
| Oxford Square Apartments Ada · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2010 | $900,000 | 29% | 56 | $395 / $485 / - |
| Skiatook Senior, Limited Partn Skiatook · Rehab/Repair · LIHTC · BANK OF OKLAHOMA, N.A. | 2010 | $17,878 | 1% | 48 | $450 / $520 / - |
| Skiatook Senior, Limited Partn Skiatook · Rehab/Repair · LIHTC · BANK OF OKLAHOMA, N.A. | 2010 | $449,499 | 13% | 48 | $450 / $520 / - |
| The Aldridge - Shawnee Shawnee · Rehab/Repair · LIHTC · BANK OF OKLAHOMA, N.A. | 2009 | $1,840,000 | 18% | 61 | $475 / $675 / - |
| Heritage Park Homes Mcloud · New Construction · LIHTC · BANK OF OKLAHOMA, N.A. | 2009 | $1,450,000 | 24% | 39 | - / - / $543 |
| Legends At Hickory Ridge Mc Alester · New Construction · LIHTC · BANK OF OKLAHOMA, N.A. | 2008 | $600,000 | 11% | 34 | - / - / $400 |
| Legends At Hickory Ridge Mc Alester · New Construction · LIHTC · BANK OF OKLAHOMA, N.A. | 2008 | $75,000 | 1% | 34 | - / - / $400 |
| Holdenville Oakridge Community Holdenville · New Construction · LIHTC · BANK OF OKLAHOMA, N.A. | 2008 | $525,000 | 10% | 34 | - / - / $420 |
| Grand Praire Apartments Watonga · Rehab/Repair · LIHTC · LUMENT REAL ESTATE CAPITAL, LLC | 2007 | $961,587 | 69% | 40 | - / $402 / $546 |
| Legacy Park Shawnee · New Construction · LIHTC · PNC BANK, N.A. | 2005 | $1,550,000 | 22% | 60 | $414 / $550 / - |