**Johnson Capital Closes FHA-Insured Loan for 229-Unit WoodLofts Development in Shenandoah, TX**
Johnson Capital Multifamily, LLC (JCM) has successfully closed an FHA-insured construction-to-permanent loan for The WoodLofts, a 229-unit luxury multifamily community located in Shenandoah, Texas. The project is a joint venture between Buckhead Investment Partners, Inc. and Juniper Investment Group.
The financing was secured through the FHA 221(d)(4) multifamily mortgage insurance program. This non-recourse loan offers a 40-year fully amortizing term with a fixed interest rate of 5.55%. The structure combines both the construction and permanent financing components into a single, assumable loan package.
The WoodLofts will be developed on a fully entitled 3.2-acre site and will feature a four-story, wood-frame structure wrapping around a 376-space structured parking garage. The community will offer a mix of studio, one-, two-, and three-bedroom units, with features such as private balconies or patios, and select units offering private dog yards.
Planned community amenities include a clubhouse and leasing center, a resort-style swimming pool, state-of-the-art fitness center, package concierge, cybercafé, media room, dog park and grooming station, as well as elevators and an outdoor kitchen area.
The WoodLofts aims to bring a high-quality, amenity-rich living experience to Shenandoah’s rapidly growing residential market.
