Loan Amount: $6,350,000
Developer: Bethel Development Inc.
The Canyon Walk Apartments is a 70-unit affordable multifamily housing project, with all units restricted to a weighted average AMI of 50.1% but projected at 35%, featuring seven walk-up buildings with one- to three-bedroom units for families with children. The property focuses on low-income households in an upper-income area, adjusting rents below maximum for deeper affordability. Amenities include a clubhouse and access to public transportation and trails.
Units: 70