Section 538 loans in Oregon
USDA's public file lists 10 Section 538 guaranteed loans in Oregon, $12,793,527 in all, financing 476 apartments. 9 of them also used housing tax credits. The median loan covered 14% of total development cost.
Lenders on these loans
- BELLWETHER ENTERPRISE REAL ESTATE8
- NETWORK FOR OREGON AFFORDABLE HOUSING2
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 |
|---|---|---|---|---|---|
| Columbia View Apartments Cascade Locks · Rehab/Repair · BELLWETHER ENTERPRISE REAL ESTATE | 2026 | $1,266,027 | 29% | 12 | $1,435 / $1,883 / - |
| Glenhaven Park Newberg Newberg · Rehab/Repair · LIHTC · NETWORK FOR OREGON AFFORDABLE HOUSING | 2022 | $2,774,000 | 39% | 32 | $830 / $990 / - |
| Glenhaven Park Mcminnville Mcminnville · Rehab/Repair · LIHTC · NETWORK FOR OREGON AFFORDABLE HOUSING | 2022 | $2,930,000 | 34% | 36 | $920 / $1,080 / $1,180 |
| Silvertowne Apartments Silverton · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2019 | $800,000 | 7% | 86 | $553 / $644 / - |
| Hillside Village Apartments Glendale · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2019 | $417,500 | 8% | 24 | $487 / $590 / $668 |
| Woodville Village Rogue River · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2019 | $820,000 | 14% | 36 | $495 / - / - |
| Valerie Hills Rouge River · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2019 | $1,436,000 | 17% | 42 | $495 / $597 / $699 |
| Holiday Garden Talent Apartmen Talent · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2015 | $500,000 | 7% | 56 | $595 / $1 / - |
| Holiday Garden Sandy Apartment Sandy · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2015 | $550,000 | 15% | 28 | $585 / $653 / - |
| Holiday Garden Grants Pass Apa Grants Pass · Rehab/Repair · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2015 | $1,300,000 | 11% | 124 | $542 / - / - |