**Johnson Capital Multifamily Secures FHA 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 new 229-unit luxury multifamily community in Shenandoah, Texas. The project is being developed through a joint venture between Buckhead Investment Partners, Inc. and Juniper Investment Group.
The financing was arranged under the HUD 221(d)(4) multifamily mortgage insurance program. The non-recourse loan features a 40-year fully amortizing term with a fixed interest rate of 5.55%. This structure combines both the construction and permanent phases of financing into a single, assumable loan.
The WoodLofts will rise on a fully entitled 3.2-acre site. The four-story, wood-frame development will be built around a 376-space structured parking garage and include a mix of studio, one-, two-, and three-bedroom residences. Each unit is designed with modern features such as private balconies or patios, with select units offering private dog yards.
Residents will also enjoy an array of resort-style amenities including a clubhouse and leasing center, a resort-style swimming pool, state-of-the-art fitness center, cybercafé, media room, dog park and grooming station, elevators, package concierge service, and an outdoor kitchen.
