2020


Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $37,664,900 loan for the construction and permanent financing of Moonlight Garden, a proposed 264-unit workforce housing apartment community located at 5204 Charles Merle Drive in Austin, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 22-month construction period and a subsequent 40-year term. The apartment will offer 264-units spread over 8 buildings, 3-story garden-style apartment buildings with Class A furnishings & amenities. 


The proposed development is a collaborative effort between LDG Multifamily, LLC (“LDG”) and the Austin Affordable Housing Corporation (“AAHC”). LDG and AAHC have fostered an ability to ensure and preserve quality housing opportunities for moderate income families in Austin. Xpert Design and Construction, LLC will serve as the project’s general contractor and Capstone Management will serve as the management agent. For more information, contact Randy Mason at (210) 402-6161.

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $4.55M loan for the construction and permanent financing of Everly Plaza, a proposed 88-unit affordable apartment community in the Fairmount neighborhood, Medical District in Fort Worth, Texas. The age restricted property will benefit from 9% Low Income Housing Tax Credits and approximately $1.0 million in HOME funds provided through the City of Fort Worth.

Financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 16-month construction period and a subsequent 40-year term. Everly Plaza will include a mix of one-bedroom and two-bedroom apartments. Affordability will range from eight units restricted at 30% AMI, thirty-two units at 50% AMI, to thirty-nine units at 60% AMI for a total of ninety percent total units rent restricted. There will be nine market-rate units.

The project is being developed by Saigebrook Development, LLC, a Texas Certified Historically Underutilized Business (HUB) and Women Business Enterprise (WBE). Maker Bros, LLC will serve as the project’s general contractor and Accolade Property Management will serve as the management agent. For more information, contact Matt Corcoran at (210) 402-6161.

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $10.6 million loan for the construction and permanent financing of Rockhill Apartments, a proposed 60-unit market-rate apartment community at the intersection of Rockhill Road and North Brook Drive in McKinney, Texas.

The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 15-month construction period and a subsequent 40-year term. The apartment will offer 60-units spread over 4, 2-story garden-style apartment buildings with Class A furnishings & amenities.

The project is being developed by Rockhill Residences, LLC. N.E. Construction will serve as the project’s general contractor and Alpha Barnes will serve as the management agent. For more information, contact Michael Backman at 817-502-1078

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $10.4M loan for the construction and permanent financing of Mesquite Woods Phase II, a proposed 60-unit market-rate town-home style community located at 4801 Zac Lentz Parkway, Victoria, Texas. This will be an additional 60 units to the existing 84-unit Country Lane Town-homes


The financing was secured through the U.S. Department of Housing and Urban Development’s 241(a) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the 35-year term. The project will include a mix of 1, 2, and 3-bedroom units in 19 one and two-story town-home style buildings with Class A furnishings & amenities. 


The project is being developed by Neill Taylor, of Corpus Christi, TX. Concept Builders will serve as the project’s general contractor and United Apartment Group will serve as the management agent. For more information, contact Randy Mason at (210) 402-6161.

2019

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $35,569,500.00 loan for the construction and permanent financing of  Rayzor Ranch Senior Living , a proposed 212-unit, age-restricted (62+) market-rate apartment community at Linden Drive at Heritage Trail, a desirable 410 acre Rayzor Ranch in Denton, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 18-month construction period and a subsequent 40-year term. The apartment will offer 212-units in a single four story elevator served buildings and include a mix of 1 and 2 bedroom units with Class A furnishings & amenities. The project is being developed by Mrs. Laura Warren.  Strategic Construction, Ltd will serve as the project’s general contractor and Capstone Real Estate Services, Inc.  will serve as the management agent. For more information, contact David Joseph at (210) 402-6161.   

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, has arranged the refinancing of Overton Park Townhomes, a $14 million loan for 216-unit apartment community in Fort Worth, Texas. The financing was secured through the U.S. Department of Housing and Urban Development’s 223(f) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for 35 years. Overton Park Townhomes is located in southwest Fort Worth, approximately seven miles southwest of downtown. The apartment offers 216 units spread over 22 2-story, walk-up, residential buildings and a clubhouse. The project was refinanced by Fort Worth Housing Solutions. For more information, contact Matthew Corcoran at 817-502-1077.

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $30,239,000 loan for the construction and permanent financing of Bridge at Granada, a proposed 258-unit Affordable apartment community 414 E. Wonsley Drive in Austin, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program, along with 4% THDCA Housing Tax Credits. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 21-month construction period and a subsequent 40-year term. The apartment community will offer 258-units spread over seven two-and-three-story garden-style apartment buildings with Class A furnishings & amenities. 


The project is being developed by Journeyman Group, in partnership with Austin Affordable Housing Corporation. Journeyman Construction will serve as the project’s general contractor in a joint venture arrangement with AAHC, and JCI Management, LLC will serve as the management agent. For more information, contact Randy Mason at (210) 402-6161.  

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $30.7M loan for the construction and permanent financing of The Gates at Meadows Place, a proposed 208-unit market-rate apartment community at the intersection of Meadow Place Drive and Bridge Street in Willow Park, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 20-month construction period and a subsequent 40-year term. The apartment will offer 208-units spread over 7 two-story garden-style apartment buildings with Class A furnishings & amenities. 


The project is being developed by Wilks Development, a privately held multifamily development and investment firm in Cisco, Texas. Strategic Construction will serve as the project’s general contractor and NE Property Management will serve as the management agent. For more information, contact Brent McPherson at (210) 402-6161.

Kyle, Texas- Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $31,697,800 loan for the construction and permanent financing of Cromwell at Plum Creek, a proposed 263-unit market-rate apartment community in the highly desirable master-planned Plum Creek community in Kyle, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 18-month construction period and a subsequent 40-year term. The apartment will offer 263-units spread over two, four-story elevator served buildings and two, three-story walk-up apartment buildings with Class A furnishings & amenities. 


The project is being developed by Teeple Partners a privately held diversified commercial and residential developer out of Austin, Texas. Skybeck Construction, LLC will serve as the project’s general contractor and Lincoln Property Company will serve as the management agent. For more information, contact David Joseph at (210) 402-6161.


Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $22,830,800 loan for the construction and permanent financing of Greyrock Seniors at Circle C Ranch, a proposed 151-unit market-rate age-restricted apartment community at the intersection of State Highway 45/South MoPac and Archeleta Boulevard in Austin, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 18-month construction period and a subsequent 40-year term. The apartment will offer 151-units in a single four-story elevator served building with Class A furnishings & amenities. 


The project is being developed by Cadence Multifamily, LP a privately held regional multifamily development and investment firms. Skybeck Construction will serve as the project’s general contractor and Greystar Managment will serve as the management agent. For more information, contact David Joseph at (210) 402-6161.

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $32,491,600.00 loan for the construction and permanent financing of Creekside at Lookout, a proposed 293-unit market-rate apartment community at the intersection of Lookout Road and North Loop 1604 in San Antonio, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 19-month construction period and a subsequent 40-year term. The apartment will offer 293-units spread over 11 buildings and 2, 3, and 4-story garden-style apartment buildings with Class A furnishings & amenities. 


The project is being developed by Anthena Domain, Inc and Versa Development, LLC both privately held regional multifamily development and investment firms. Galaxy Builders, Ltd will serve as the project’s general contractor and Capstone Management will serve as the management agent. For more information, contact David Joseph at (210) 402-6161.

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $45,703,000 loan for the construction and permanent financing of Iron Horse Heights, a proposed 328-unit market-rate apartment community at the intersection of Iron Horse Boulevard and Browning Street across from the Iron Horse TEXRail stop in North Richland Hills, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 26-month construction period and a subsequent 40-year term. The apartment will offer 328-units spread over four, 4-story and one 3-story garden-style apartment buildings with Class A furnishings & amenities. 


The project is being developed by Maker Bros, LLC with Saigebrook Development serving as the development consultant. Maker Bros, LLC will serve as the project’s general contractor and Accolade Property Management, Inc. will manage the Class A development. For more information, contact Mike Backman at (817) 502-1078.

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $21,413,300 loan for the construction and permanent financing of Freiheit Village Apartments, a proposed 188-unit market-rate apartment community in New Braunfels, Texas.

The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 18-month construction period and a subsequent 40-year term.

The apartment will offer 188-units in a 4-story apartment building with Class A furnishings & amenities. The project is being developed by Tim Marroquin. Blazer Building Texas LLC will serve as the project’s general contractor and Village Green will serve as the management agent. For more information, contact Randy Mason at (210) 402-6161.

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $11.65 million loan for the construction and permanent financing of Patriot Park, a proposed 139-unit affordable apartment community along F Avenue in Plano, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 21-month construction period and a subsequent 40-year term. 


The apartment will offer 139-units in a single urban 4-story apartment building with Class A furnishings & amenities. The project is being developed by Plano Housing Corporation a regional Community Housing Development Organization. J4 Development will serve as the lead in the project’s JV general contractor and Mayfair Management Group will serve as the management agent. For more information, contact Matt Corcoran at (210) 402-6161.

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $15.5 million loan for the construction and permanent financing of Pathways at Chalmers Courts East, a proposed 156-unit affordable apartment community at 300 Chicon Street in Austin, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 18-month construction period and a subsequent 40-year term. The apartment will offer 156-units spread over 3 buildings, 4-story garden-style apartment buildings with Class A furnishings & amenities. 


The project is being developed by Austin Affordable Housing Corporation and Carleton Development both privately held regional multifamily development and investment firms. Treymore Construction will serve as the project’s general contractor and Carleton Management Services, Inc. will serve as the management agent. For more information, contact Michael Backman at (210) 402-6161.

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $20,510,000 loan for the construction and permanent financing of Alsbury Park, a proposed 240-unit affordable apartment community at 231 Noblewood Drive (intersection of E Houston Street and I-10 East) in San Antonio, Texas.

The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 18-month construction period and a subsequent 40-year term.

The apartment will offer 240-units spread over 10 – 3 story garden-style apartment buildings with Class A furnishings & amenities. The project is being developed by Versa Development Company of San Antonio. Galaxy Builders, Ltd will serve as the project’s general contractor and HomeSpring Realty Partners will serve as the management agent. For more information, contact Randy Mason at (210) 402-6161.

Louisville, Kentucky - Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $28,614,600 loan for the construction and permanent financing of Frontgate Apartments, a proposed 212-unit market-rate apartment community at 7411 Outer Loop in Louisville, Kentucky.

The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 22-month construction period and a subsequent 40-year term.

The apartment will offer 212-units in 10, three-story garden-style apartment buildings with Class A amenities. The project is being developed by Overlook Development, LLC, a privately held regional multifamily development and investment firm. Xpert Design and Construction, LLC will serve as the project’s general contractor and Winterwood, Inc. will serve as the management agent. For more information, contact Blake Lacy at (210) 402-6161.

  Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, has arranged the refinancing of Key West Senior Village, a $5,425,000 million loan for a 120-unit affordable senior apartment community in Odessa, Texas. The financing was secured through the U.S. Department of Housing and Urban Development’s 223(f) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for 35 years.

Key West Senior Village is located at 1600 West Clements Street, in west Odessa, Texas with convenient access to public transportation and local medical facilities with Medical Center Hospital, Texas Tech University Health Sciences Center, and MCH Family Health Clinics all less than two miles from the property. The apartment offers 120 units spread over 30 single-story, quadra-plex style, residential buildings and a central clubhouse.

The project was refinanced by The Odessa Elderly Housing Corporation and The Odessa Creative Housing Solutions, Inc. both of which are affiliates of the Housing Authority of the City of Odessa. For more information, contact Matt Corcoran at
(817) 502-1078.

Mason Joseph Company announced the closing of a $29,511,000 loan for the construction and permanent financing of Flower Mound Senior Living, a proposed 183-unit market-rate apartment community at the intersection of Long Prairie Road and Pecan Drive in Flower Mound, Texas.

The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 20-month construction period and a subsequent 40-year term. The apartment will offer 183-units in a single 4-story residential building with Class A furnishings & amenities.

The project is being developed by NE Development, a privately held regional multifamily development and investment firm. NE Construction, LP will serve as the project’s general contractor and NE Property Management will serve as the management agent. For more information, contact David Joseph at (210) 402-6161.

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $34,173,000 loan for the construction and permanent financing of Nexus at Goodnight Ranch, a 294-unit market-rate apartment development at the intersection of East Slaughter Lane and Old Lockhart Hwy in Austin, Texas.

The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 21-months construction period and a subsequent 40-year term. The apartment will offer 294-units spread over 9 buildings, 3 story garden-style apartment buildings with Class A furnishings & amenities.

The project is being developed by Artisan American Corp, a privately held regional multifamily development and investment firm. Hudson Construction Company, Inc. will serve as the project’s general contractor.  For more information, contact David Joseph, Mason Joseph Company, at (210) 402-6161.
   

Mason Joseph Company, Inc. announced the closing of a $35.2 million loan for the construction and permanent financing of The Sutherland Apartments, a proposed 272-unit market-rate apartment community at the intersection of Forum and Robinson in Grand Prairie, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 20-month construction period and a subsequent 40-year term. The apartment will offer 273-units spread over two three-story and two four-story buildings, all serviced by elevators, and Class A furnishings & amenities. 


The project is being developed by Carleton Residential and MR Development, both privately held regional multifamily development and investment firms. Carleton Construction will serve as the project’s general contractor and Carleton Management Services, LLC will serve as the management agent. For more information, contact Michael Backman at (817) 502-1078.

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $31 million dollar loan for the construction and permanent financing of Ariza Corpus Christi, a proposed 286-unit market-rate apartment community located on Cimarron Blvd, just north of Yorktown Boulevard, in Corpus Christi TX. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 20-month construction period and a subsequent 40-year term. The apartment will offer 286-units spread over 11 three-story garden-style apartment buildings with Class A furnishings & amenities. 


The project is being developed by Cypressbrook Company, a multifamily development and investment firm. Brownstone Construction Ltd will serve as the project’s general contractor and Capstone will serve as the management agent. For more information, contact David Joseph at (210) 402-6161.   

San Antonio, Texas - Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $29,218,500 loan for the construction and permanent financing of Potranco Apartments, a proposed 244-unit market-rate apartment community at the intersection of Potranco Road and 211 in San Antonio, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 18-month construction period and a subsequent 40-year term. The apartment will offer 244-units spread over 13 buildings,2 & 3-story garden-style apartment buildings with Class A furnishings & amenities. 


The project is being developed by Lev Investments and both privately held regional multifamily development and investment firms. Crane Contracting Group, Ltd. will serve as the project’s general contractor and The Lynd Company will serve as the management agent. For more information, contact David Joseph at (210) 402-6161.

2018


Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $31,922,800 loan for the construction and permanent financing of Artistry at Edgestone, a proposed 188-unit, age-restricted, market-rate apartment community at the intersection of Legacy Drive and Academy Drive in Frisco, Texas. 


The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 18-month construction period and a subsequent 40-year term. The apartment will offer 188-units, including an elevator-services, W shaped, 3-story main building and seven four and five-unit cottages, all with Class A furnishings & amenities. 


The project is being developed by Presidium Group, LLC, a privately held regional multifamily development and investment firms. Provident General Contractors, LLC will serve as the project’s general contractor and Capstone Real Estate Services, Inc. will serve as the management agent. For more information, contact Michael Backman at (817) 502-1078.   

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $33,803,300 loan for the construction and permanent financing of The Elliott, a proposed 272-unit market-rate apartment community at the intersection of Old Pflugerville Road and South Heathwilde Boulevard in Pflugerville, Texas.

The Elliott is the first of The Pecan District, a mixed-use community. The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for the initial 22-month construction period and a subsequent 40-year term.

The apartment will offer 272-units spread over 2, three-story garden-style apartment buildings with Class A furnishings & amenities. The project is being developed by Presidium Group, LLC.  Jordan Foster Construction will construct the project designed by Mark Odom Studio. Greystar will serve as the management agent. For more information, please contact Mike Backman at (817)-502-1078. 
 

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