Section 538 loans in U.S. Virgin Islands

USDA's public file lists 2 Section 538 guaranteed loans in U.S. Virgin Islands, $3,280,000 in all, financing 148 apartments. 2 of them also used housing tax credits. The median loan covered 4% of total development cost.

Lenders on these loans

BONNEVILLE MORTGAGE COMPANY, LLC2

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
Sugar Estates Charlotte Amalie · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC	2020	$1,300,000	4%	80	$920 / $1,184 / -
Carib Villas IV Christensted · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC	2010	$1,980,000	90%	68	$1,003 / $1,048 / -