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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.

 

Swift Lane – Ann Arbor, MI

Wespath Institutional Investments, through the Positive Social Purpose Lending Program and in partnership with Cinnaire, purchased a participation in a loan providing financing for Swift Lane Apartments, a 64-unit affordable housing project consisting of seven buildings across two sites in Ann Arbor, MI.

Swift Lane Exterior
Image Source: Cinnaire

Transaction Summary:
 

Property Name: Swift Lane
Location: Two sites in Ann Arbor, Michigan
Units: 64 (32 units at each location)
Loan Amount: $2,392,000
Term: 15 years
Purchase Date: June 10, 2021

 

For more information about Cinnaire: www.cinnaire.com