Location: Albuquerque, NM
In 2019, Ventana Fund awarded two Thresholds loans for the acquisition and rehabilitation to the Sheldon Family LLC for a pair of projects in Albuquerque, Chelwood Park and Menaul.
Chelwood Park is a $680,050 Thresholds loan for a two building, twelve unit complex in the Northeast Heights with a center courtyard between the two. There are two three-bedroom units, eight two-bedroom units, and two studio apartments in the complex.
Menaul is a $227,800 Thresholds loan for a fourplex in the Northeast Heights with four two-bedroom units. The renovations for both properties will help keep these properties affordable going forward.