The BWE Podcast BWE

In this podcast episode BWE Vice President Lundat Kassa and Allyson Randolph, assistant director of real estate at Community Solutions, recap a transaction BWE executed on behalf of Community Solutions that utilized various capital sources to purchase a mission-driven property in under 90 days at market. Community Solutions, a nonprofit, has a goal to end homelessness and purchased Centra Villa Apartments in Atlanta, GA to help serve that mission.

In this episode, we talk with Jim Gillespie about how he and his team started the Direct Bond Purchase (Private Placement Bond) program at BWE and how it's deployed. For more information about the execution of Direct Bond Purchase financing and how it can be beneficial for your 4% LIHTC affordable housing investment, reach out to Jim Gillespie or a BWE Affordable Housing Specialist:
Jim Gillespie
646-829-1157
jim.gillespie@bwe.com
https://www.bwe.com/affordable

Gerry Flynn, owner of Polar Star Properties and BWE client, discusses in this episode how they utilized modular construction when building Spring Creek Village, an affordable housing community in Gypsum, Colorado.
The lack of affordable places for people to live is one of the most significant issues facing this region, Gerry said. He described how the first question typically asked to individuals applying for jobs in the nearby resort communities, like Vail and Beaver Creek, is if they have a place to live. And all too often, they are disqualified from a position because their answer is 'no.' Gerry and his partners are working to change that by providing more affordable places for people to call home.

For this episode of the podcast, we sit down with BWE client Mike Hogan to discuss his professional journey founding HomeSpring Realty Partners and developing affordable housing in San Antonio, Texas. This interview was recorded in November as a part of our Working Together campaign where we highlight our mission to create more affordable housing across the country. The campaign can be viewed in its entirety at bwestorybook.com.

The Capital Stack Podcast is presented by the BWE Arizona Team, bringing you the latest capital market and lender news in Commercial Real Estate.
Highlights from this week's episode include:
– The Federal Reserve has enacted another 0.75% short-term interest rate increase making it the second consecutive hike over the past two months.
– The dip on the benchmark 10-Yr Treasury represented the lowest level since April 5th of this year.
– The agencies continue to respond to a flurry of business as their pricing has been amongst the most competitive in the market. Both Fannie and Freddie have reported healthy inflows reviewing $2.5 billion in loan opportunities per week ending-out June at a monthly total of $7.4 billion.
For more information, or to reach one of our commercial real estate experts, contact the BWE Arizona team at (480)-608-2082.

The Capital Stack Podcast is presented by the BWE Arizona Team, bringing you the latest capital market and lender news in Commercial Real Estate.
Highlights from this week's episode include:
– Fed minutes from their June 14-15th FOMC meeting emphasized their resolve to utilize aggressive, near-term rate policies to conquer inflation.
– Life Companies are undergoing price discovery as they react to the markets. Current pricing for transactions in the 60-65% LTV are currently yielding spreads of approximately 1.60-1.90%.
– The agencies have had a very active summer thus far and plan to continue this pace through the end of year. 
– Section 232 HUD-insured financing can help operators and owners with refinance, new construction, or improvements to Skilled Nursing, Assisted Living and Memory Care facilities.
For more information, or to reach one of our commercial real estate experts, contact the BWE Arizona team at (480)-608-2082.