Affordable Housing Loans

Wespath Benefits and Investments and its subsidiaries, including Wespath Institutional Investments, participate in the Positive Social Purpose Lending Program. The information below provides details about a property recently financed through this program.

 

Jackson Square Apartments – Oshkosh, WI

Jackson Square exterior

Through the Positive Social Purpose Lending Program and in partnership with Cinnaire, participation was purchased in a loan providing financing for a 54-unit rental property in Oshkosh, WI. Units are restricted to households earning between 30% and 60% of area median income. Twelve units are designated for individuals needing supportive services, with priority given to veterans. Unit amenities include full kitchen appliances and a patio or balcony. Common area amenities include an elevator, fitness center, business center, media center, laundry facilities, community room/clubhouse, conference room, library, wellness center, playground, and on-site management office.

Transaction Summary:
 

Property Name: Jackson Square Apartments
Location: Oshkosh, WI
Units: 54
Loan Amount: $1,012,000
Term: 18 years
Purchase Date: February 24, 2017

 

For more information about Cinnaire: http://cinnaire.com/

 

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