**Johnson Capital Multifamily Secures FHA Financing for 229-Unit Luxury 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 project located in Shenandoah, Texas. The project is being developed through a joint venture between Buckhead Investment Partners, Inc. and Juniper Investment Group.
Financed under the FHA’s 221(d)(4) multifamily mortgage insurance program, the fully non-recourse loan offers a 40-year, fully amortizing term with a fixed interest rate of 5.55%. This structure efficiently combines both construction and permanent financing into a single, assumable loan.
The WoodLofts will rise on a fully entitled, 3.2-acre site. The four-story, wood-frame community will wrap around a 376-space structured parking garage and include a mix of studio, one-, two-, and three-bedroom units. Each apartment will feature private balconies or patios, with select units offering dedicated dog yards.
Residents will enjoy a wide range of upscale amenities, including a clubhouse and leasing center, resort-style pool, state-of-the-art fitness center, package concierge, cybercafé, media room, dog park and grooming station, elevators, and a fully equipped outdoor kitchen.
