{"id":1004146411,"date":"2016-06-21T06:45:41","date_gmt":"2016-06-21T14:45:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004146411"},"modified":"2022-12-04T14:58:23","modified_gmt":"2022-12-04T22:58:23","slug":"bellwether-enterprise-seals-the-deal-on-411m-in-loans-in-may","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bellwether-enterprise-seals-the-deal-on-411m-in-loans-in-may\/","title":{"rendered":"Bellwether Enterprise Secures $411M in Loans"},"content":{"rendered":"

By Alexandra Pacurar<\/em><\/p>\n

\"Greenview<\/a>

Greenview Senior Assisted Living in Green, Ohio<\/p><\/div>\n

Cleveland<\/strong>\u2014Bellwether Enterprise Real Estate Capital LLC<\/a> announced 40 successful transactions in May totaling $411 million in loans. The deals included refinancing loans for various commercial and residential properties.<\/p>\n

The Cleveland-based commercial and multifamily mortgage banking company ensured a $9.4 million refinance loan for Greenview Senior Assisted Living<\/a> in Green, Ohio. The 99-unit property was built in 2002 and recently it expanded its memory care facilities and added a sun room. Bellwether Enterprise financed the loan with Thrivent Financial for Lutherans and refinanced with a HUD-insured loan to keep the property in their portfolio.<\/p>\n

Bellwether Enterprise also sealed the deal on a $3.3 million refinance loan for The Colony, a multifamily community<\/a> in Toledo, Ohio. The recently completed property\u2019s early leasing strength and high quality construction helped it secure loan funding. Originator DJ Effler, senior VP at Bellwether, arranged a 15-year term loan with five years of interest-only payments and was able to return almost all of the borrower\u2019s equity.<\/p>\n

Bellwether Enterprise also secured a $5.1 million refinance loan for Sandy Springs Village, a shopping center<\/a> built in 1977 and located in Sandy Springs, Georgia. The lender\u2019s ability to fund the property several months before a primary tenant took occupancy was key to its winning the business.<\/p>\n

\"Ned<\/a>

Ned Huffman, president of Bellwether Enterprise<\/p><\/div>\n

\u201cBellwether Enterprise\u2019s access to one of the best mortgage capital platforms in the nation makes deals like these possible. We are proud that our longstanding relationships enable our partners to create diverse developments around the country,\u201d Ned Huffman, president of Bellwether Enterprise, said in a prepared statement.<\/p>\n

Bellwether Enterprise provides flexible financing solutions for clients covering the entire spectrum of commercial and multifamily real estate.<\/p>\n

Image courtesy of Warmus Builders<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The mortgage banking subsidiary of Enterprise Community Investment Inc. closed 40 deals worth a total of $411 million in loans last month. <\/p>\n","protected":false},"author":236,"featured_media":1004146415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1584,21825,13,23891],"tags":[],"class_list":["post-1004146411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cleveland","category-finance","category-midwest","category-national"],"acf":[],"yoast_head":"\nBellwether Enterprise Secures $411M in Loans - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bellwether-enterprise-seals-the-deal-on-411m-in-loans-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bellwether Enterprise Secures $411M in Loans\" \/>\n<meta property=\"og:description\" content=\"The mortgage banking subsidiary of Enterprise Community Investment Inc. closed 40 deals worth a total of $411 million in loans last month.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bellwether-enterprise-seals-the-deal-on-411m-in-loans-in-may\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-21T14:45:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T22:58:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/greenview-senior.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexandra Both\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bellwether-enterprise-seals-the-deal-on-411m-in-loans-in-may\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bellwether-enterprise-seals-the-deal-on-411m-in-loans-in-may\\\/\"},\"author\":{\"name\":\"Alexandra Both\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/92454aa9920287f97bb7f9888b2836f7\"},\"headline\":\"Bellwether Enterprise Secures $411M in Loans\",\"datePublished\":\"2016-06-21T14:45:41+00:00\",\"dateModified\":\"2022-12-04T22:58:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bellwether-enterprise-seals-the-deal-on-411m-in-loans-in-may\\\/\"},\"wordCount\":310,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bellwether-enterprise-seals-the-deal-on-411m-in-loans-in-may\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/06\\\/greenview-senior.jpg\",\"articleSection\":[\"Cleveland\",\"Finance\",\"Midwest\",\"National\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bellwether-enterprise-seals-the-deal-on-411m-in-loans-in-may\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bellwether-enterprise-seals-the-deal-on-411m-in-loans-in-may\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bellwether-enterprise-seals-the-deal-on-411m-in-loans-in-may\\\/\",\"name\":\"Bellwether Enterprise Secures $411M in Loans - 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