Bellwether Enterprise Closes Loan on Affordable Housing Complex in Austin

Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, Inc., has announced the closing of a $59 million Fannie Mae Multifamily Affordable Housing loan deal for the acquisition of Broadstone 8 One Hundred, located at 8100 Anderson Mill Road in Austin, TX. Kevin Bowen, executive vice president in Bellwether Enterprise’s Dallas office, originated the loan on behalf of the borrower. Broadstone 8 One Hundred consists of 376 one- and two-bedroom units. At acquisition, the borrower restricted 50% of the units for tenants making 80% or less of area median income. The property includes amenities such as a clubhouse for residents with entertainment spaces, a 24/7 athletic center, an executive business center, a resort-style swimming pool and a dog park, among many others. In-home amenities include