BWE Provides $4.5M Freddie Mac Financing for Legacy at Walton Trail in Villa Rica, Georgia

by Jeff Shaw

VILLA RICA, Ga. — BWE has provided $4.5 million in long-term financing for Legacy at Walton Trail, a newly constructed affordable seniors housing development in Villa Rica, approximately 30 miles west of Atlanta.

Victor Agusta, Jr. originated the Freddie Mac Targeted Affordable Housing loan on behalf of Walton Communities.

Built on the site of obsolete public housing, Legacy at Walton Trail comprises 90 one- and two-bedroom apartments. The homes will be available to adults age 55 or older who earn between 30 percent and 80 percent of the area median income. A portion of the units will also be subsidized with a long-term Section 8 contract.

The loan features an 18-year term with a 35-year amortization. The property is also financed with 9 percent Low-Income Housing Tax Credits and a loan from the Housing Authority of Villa Rica.

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