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Construction & Real Estate

BWE secures loan for City Center project

Bellwether Enterprise Real Estate Capital LLC (BWE), a national commercial and multifamily mortgage banking company, said it has closed on a $20 million insurance company loan to finance the renovation and construction of Cityplace North and South, a 204-unit, two-building apartment complex in downtown Allentown. 

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Mortgage rates slip below 5%

For the first time since April, the 30-year mortgage rate average has fallen under 5%. Freddie Mac’s Primary Mortgage Market Survey, released Thursday, showed the average for a 30-year, fixed-rate mortgage was down to 4.99%.

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