Lending types

Direct bond purchase

Bond purchase transactions (2020-2024) $826M
Closing time following loan application 60-90 days
Overview

In partnership with institutional capital, we invest in bonds to fund construction, rehabilitation, acquisition, or refinancing of affordable multifamily and seniors housing. The program ensures a streamlined process, reducing the need for intermediaries, providing maximum proceeds, and ensuring execution certainty.

Ease of execution

Providing a single source of construction and permanent financing for affordable housing properties financed with tax-exempt bonds.

Flexible capital

Working directly with capital partners to structure terms to meet specific deal needs as an attractive alternative to GSE forward commitments.

Dedicated team

Experienced and dedicated team focused on structuring, underwriting, closing, and servicing all bond purchase transactions.

Boundless lending sources.
Curated for clients.

Loan features and benefits

  • Single source of capital for construction and permanent financing
  • Maximum loan proceeds
  • Flexible underwriting and credit process
  • Competitive terms and interest rates
  • Lower transaction costs
  • Certainty and speed of execution
  • Up to 90% LTV / 1.15x DSCR
  • 40-year amortization (interest only available)
  • Bridge tax credit equity
  • $10M minimum

Compatible property types

Recent transactions

Affordable housing
Aurora, CO

$17,500,000

Lender: Direct bond purchase
Terms: New construction loan

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Affordable housing
Salem, OR

$45,300,000

Lender: Direct bond purchase
Terms: Private Placement Bond

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Affordable housing
Atlanta, GA

$28,000,000

Lender: Direct bond purchase
Terms: Private Placement Bond loan

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Affordable housing
Orlando, FL

$24,000,000

Lender: Direct bond purchase
Terms: Private Placement Bond

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Affordable housing
Washington, D.C.

$54,790,000

Lender: Direct bond purchase
Terms: 4% LIHTC

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Affordable housing
Aurora, CO

$43,135,000

Lender: Direct bond purchase
Terms: Construction to permanent loan

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Affordable housing
Apex, NC

$35,500,000

Lender: Direct bond purchase
Terms: Private Placement Bond

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Affordable housing
Mt. Vernon, TX

$7,000,000

Lender: Direct bond purchase
Terms: Acquisition loan

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Affordable housing
Raleigh, NC

$22,750,000

Lender: Direct bond purchase
Terms: Private Placement Bond

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Affordable housing
Austin, TX

$48,000,000

Lender: Direct bond purchase
Terms: Private Placement Bond

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Affordable housing
San Antonio, TX

$44,000,000

Lender: Direct bond purchase
Terms: Construction loan

Affordable housing
Louisville, KY

$18,700,000

Lender: Direct bond purchase
Terms: Construction loan

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Affordable housing
Louisville, KY

$20,800,000

Lender: Direct bond purchase
Terms: Private Placement Bond

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Affordable housing
Louisville, KY

$44,658,000

Lender: Direct bond purchase
Terms: Private Placement Bond

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Multifamily
Denver, CO

$13,590,000

Lender: Direct bond purchase
Terms: Private Placement Bond

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Multifamily
San Antonio, TX

$36,685,000

Lender: Direct bond purchase
Terms: Construction loan

Affordable housing
San Antonio, TX

$31,800,000

Lender: Direct bond purchase
Terms: Conversion loan

News and insights

Explore insights
Press Release

BWE Secures $65 Million Bond Financing for Ivy Park at Milpitas, a Class-A Senior Living Community in the San Jose MSA

Press Release

Vital Housing, Enterprise, BWE Secure Long-Term Affordability for 224 Affordable Homes Facing Market-Rate Conversion in Salem, OR

Press Release

BWE Secures $24 Million in Tax-Exempt Bonds for Construction of Affordable Housing in Orlando, FL

Press Release

Rockabill and BWE Secure $16.9 Million to Refinance Affordable Senior Housing Development in Yonkers, NY

Press Release

BWE Secures $43 Million in Capital to Finance New Affordable Housing in Aurora, CO

Press Release

BWE Secures Over $40 Million in Capital to Refinance and Preserve Affordable Housing in Texas, Maryland and Tennessee

Press Release

BWE Secures $35.5 Million in Capital to Finance Construction of Affordable Housing in North

Press Release

BWE Closes $40 Million Direct Bond Purchase in South Louisville