Closings
Legacy Capital Recent Closings
Mockingbird Estates
- Stillwater, OK
- FHA 223(f)
- $2,853,100
- 72 Units
Mockingbird Estates is a 100% LIHTC Broadly Affordable property consisting of 72 units serving elderly residents that are 62 or older. Proceeds were used to pay off existing debt, close out the construction loan and provide significant cash out for the borrower. We are excited to further expand HUD’s presence in Oklahoma.
Sleeping Ute Apartments
- Cortez, CO
- FHA 223(f)
- $3,638,900
- 60 Units
Sleeping Ute Apartments is a 100% Section 8 and LIHTC affordable property consisting of 60 units. Proceeds were used to retire a bridge loan for the acquisition of the asset. We are excited to renew HUD’s commitment to this project and continue to provide affordable housing in the market.
Village at Waxahacie
- Waxahachie, TX
- FHA 221(d)4
- $33,198,200
- 225 Units
Village at Waxahachie is a market rate new construction property with additional commercial space. It consists of 225 units and is a key property in the southern Dallas MSA and Ellis county PMA. We are excited to further expand HUD’s presence along the IH-35 corridor.
San Angelo Crossing Apartments
- San Angelo, TX
- FHA 223(f)
- $2,658,500
- 36 Units
San Angelo Crossing Apartments is an affordable/LIHTC property consisting of 36 units, located in San Angelo, TX. Over 75% of the residents are under 60% AMI. Proceeds were used to pay off existing debt and close out the construction loan on the property. Legacy Capital is excited to provide HUD financing and affordable housing to the West/Central Texas Market.
Princeton Point Apartments
- Princeton, TX
- FHA 221(d)(4)
- $53,062,400
- 306 Units
Princeton Point is an affordable new construction property located in Princeton, TX. Over 50% of the units will be at 60% AMI or below. It will be a key property in the Collin County MSA and provide an influx of much needed housing to the area. Legacy Capital is thrilled to continue provide HUD financing to the North Texas Market.