2021






Mason Joseph Company, Inc., announced the closing of a $37,283,200 loan for the construction and permanent financing of Ariza Easton Park, a 320-unit market-rate apartment community at the Southeast Corner of Colton Bluff Springs and E. William Cannon 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 320-units spread over 11, three-story garden-style apartment buildings with Class A furnishings & amenities. The project is being developed by Cypressbrook Company, a privately held regional multifamily development and investment firms. Brownstone Construction will serve as the project’s general contractor and Cypressbrook Multifamily Management will serve as the management agent. 





Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, has arranged the refinancing of Verdir at Hermann Park, a $29.4 million loan for 224-unit apartment community in Houston, 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. Verdir at Hermann Park is located 3.5 miles south of downtown Houston. The apartment offers 224 units in a single, 4 story residential building with a two-level garage and separate building for the clubhouse. The project was refinanced by JMG Realty, Inc. 

2020




Mason Joseph Company, Inc. has arranged the refinancing of Townhomes at Twenty01, a $17,824,800 million loan for an existing 126-unit, apartment community in Corpus Christi, Texas. The financing was secured through the U.S. Department of Housing and Urban Development’s 223(a)(7) loan insurance program. Using the program enabled the borrower to secure a low-rate, non-recourse loan that is fixed for 40 years.

Townhomes at Twenty01 is located in Corpus Christi, Texas. The apartment offers 129 units spread over forty-five, one and two-story, triplex-style, residential buildings and a clubhouse. The project was refinanced by Texas Townhomes, LLC.


Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, has arranged the refinancing of Lookout at Creekside, a $33,000,000.00 million loan for 320-unit apartment community in Live Oak, 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. Loretto at Creekside is located along North Loop 1604, one-mile northwest of Interstate 35. The site area is approximately 12.98 acres. The property consists of 320-units across fifteen 3-story walk-up residential buildings and clubhouse. The project was refinanced by Versa Development, LLC and Athena Domain, Inc.  

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