AUSTIN-Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, has provided a loan of $18.8 million to build a new multifamily property here.
The loan, a conventional/taxable GNMA-backed/FHA Section 221(d)(4) New Construction loan will be used to build the Waters at Willow Run Apartments, a proposed 242-unit garden style affordable housing community located on 14.28 acres in northwest Austin.
The proposed apartment development will include two- and three-story garden style residential buildings with a mix of one-, two- and three-bedrooms and a total of 16 buildings.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
