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68 Units | 5 Properties
LOUISIANA
PROPERTY OVERVIEW
The Ville Platte and Mamou portfolio consists of five multifamily housing communities totaling 68 units.
Ben & Clem Estates is a 16-unit community comprised of one, two, three, and four bedroom floorplans. Adjacent to Ben & Clem is Lafleur Landing I, II, & III, a 42-unit affordable housing community with two bedroom townhome style floorplans with attached garages. Both properties are located within Ville Platte, LA near Walmart, restaurants, and Mercy Regional Medical Center.
Thomas Landing, located in the nearby town of Mamou, LA, is a 10-unit affordable housing community with two bedroom townhome style floorplans with attached garages.
The properties were built using HOME grant funding provided to the state of Louisiana by the U.S. Department of Housing and Urban Development (HUD). There are existing regulatory agreements in place which requires all units to be rented to income qualifying residents earning no more than 50% & 65% of Area Median Income (AMI) limits, which are updated annually by HUD.
Affordable Multifamily Properties Located in Ville Platte, LA and Mamou, LA
Recent Grant Funds to be Transferred to New Owner
The Properties are Well Located in the Newer Area of Ville Platte and in Close Proximity to the Parish Industrial Park, which Offers Abundant Job Opportunities
Ville Platte and Mamou are Located 12 Miles Apart and are Considered the Heart of Louisiana’s Cajun Country
All Properties are Located Within an Opportunity Zone and Qualified Census Tract
INVESTMENT HIGHLIGHTS
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
895 Technology Blvd.
Suite 102
Bozeman, MT 59718
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INVESTMENT ADVISORS
MIKE TERRY
Director
Affordable Housing
425.761.1640
mike.terry@berkadia.com
Montana License #89005
Managing Director
Multifamily
225.922.458
gregg.cordaro@berkadia.com
LA License #: 8019959
Gregg Cordaro
8550 United Plaza Blvd.
Suite 702
Baton Rouge, LA 70809oise,
BATON ROUGE OFFICE
PROPERTY Stats
68
UNITS
2008 & 2012
Built
60,520
sF
VILLE PLATTE & MAMOU PORTFOLIO