WESTMINSTER, CA – Located on 14800 Beach Boulevard in Westminster, CA, Della Rosa is a new affordable housing community offering studio, one- and two-bedroom homes to those who earn 30%-50% AMI. Offering twenty-five studio units for those previously experiencing homelessness, local service provider American Family Housing will offer wrap around services. Twenty-four, one- and two-bedroom low-income apartments are available to those earning 50% AMI of the County of Orange.
The event celebration includes comments from Orange County Supervisor Andrew Do, City of Westminster Mayor Tri Ta, Southern CA Vice President of US Bank Rockette Ewell, President of Solari Enterprises Gianna Solari and President of Affirmed Housing Jim Silverwood.
Della Rosa is a two and three tale, new construction that replaces a previously ailing strip mall. Already 100% occupied, Della Rosa is a $19 million dollar community, offering housing for those of low income as well as housing with wrap around services for formerly homeless individuals in the County of Orange. At a time when both the City of Westminster and the County of Orange are experiencing an epidemic whereby the population of homeless individuals continues to grow, this new community serves to alleviate the pressure.
James Silverwood, President of Affirmed Housing, states, This development is ingenuity at its finest and a wonderful show of a successful partnership between public and private organizations. I am proud of the product produced and even more proud to have made housing for those in need.

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BETHESDA, MD – Walker & Dunlop, Inc. announced that it structured $25,200,000 in Fannie Mae financing for Bethlehem Fields Apartments, a 216-unit, Class-A multifamily property located in Bethlehem, Pennsylvania in the Lehigh Valley region. Walker & Dunlop arranged the refinancing on behalf of Boyd/Wilson, a repeat client with 38 years of experience in commercial real estate development and property and construction management throughout Pennsylvania.
This financing for Bethlehem Fields, which was originally organized as a bank execution prior to the COVID-19 pandemic, represented Boyd/Wilson’s first Agency execution. Amid market uncertainty, the Philadelphia Capital Markets team, including Managing Directors, John Banas and Kris Wood, as well as Analysts John Wilson and Rhett Saltiel, quickly pivoted to secure the best financing solution for their client. Leveraging their strong relationship with Fannie Mae, the team structured the deal with three years of interest-only payments and an attractive fixed rate for the ten-year loan term.
Frank Barrett, President of Boyd/Wilson, commented, “John and his team provided a smooth refinance process with Fannie Mae. Their professionalism and insight were second to none. We were able to lock in an extremely competitive rate with incredible terms. With their guidance, we were able to easily navigate the complex GSE market.”
Mr. Banas commented, “Boyd/Wilson is a long-standing, well-run family business that owns and operates best-in-class properties; it’s always a pleasure to work with their team.”
Bethlehem Fields is located minutes from Route 78 and the Delaware River and offers spacious one- and two-bedroom apartments and townhomes with a variety of floor plans. In addition to the 14 residential buildings on site, the property features a clubhouse, playground, fitness center, picnic areas, and garages. Boyd/Wilson plans to utilize the cash-out proceeds to perform capital improvements at the property.

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DALLAS, TX – Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, is just weeks away from completion on the Reserve at Hickory Commons, a new 62-unit apartment building in Winston-Salem.
Stratford Capital is Gardner Capital’s tax equity partner while Churchill Stateside Group provided both construction and permanent financing for the project.
“We strive to make living spaces that are functional, affordable and memorable, and this location will be a terrific option for Winston-Salem residents,” said Michael Gardner, President and CEO of Gardner Capital. “We are very excited about Hickory Commons, the first of multiple new projects that we have coming online in North Carolina over the next two years.”
East Point Homes is the general contractor for the Reserve at Hickory Commons, which will be located at 1295 Hartman Plaza Dr. Excel Property Management will serve as on-site property manager for the Reserve at Hickory Commons, which will have a mix of one-, two- and three-bedroom garden-style apartments available in September. The property will also include a clubhouse and multipurpose room, computer center, fitness center and community laundry room. Each unit includes an outdoor porch or patio.

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