2020


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. 

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.  

Mason Joseph Company, Inc. has arranged the refinancing of Legend Park II, a $9,276,300 million loan for an existing 96-unit, phase II apartment community in Lawton, Oklahoma. 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.

Legend Park II is located in Lawton, Oklahoma. The apartment offers 96 units spread over six, two and three-story, walk-up, residential buildings. The project was refinanced by Cornerstone Development, LLC.


Mason Joseph Company, Inc. has arranged the refinancing of Legend Park I, a $21,420,300 million loan for an existing 264-unit apartment community in Lawton, Oklahoma. 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.

Legend Park I is located in Lawton, Oklahoma. The apartment offers 264 units spread over fifteen, two and three-story, walk-up, residential buildings, and a clubhouse. The project was refinanced by Cornerstone Development, LLC.


Mason Joseph Company, Inc. has arranged the refinancing of Almaville Farms at Seven Oaks, a $19,884,300 million loan for 196-unit apartment community in Smyrna, Tennessee. 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. Almaville Farms at Seven Oaks is located in Smyrna, Tennessee. The apartment offers 196 units spread over eight, three-story, walk-up, residential buildings and a clubhouse. The project was refinanced by Vita Residential.



Mason Joseph Company, Inc. announced the closing of a $41,051,300 loan for the construction and permanent financing of North Park Apartments, a proposed 296-unit market-rate apartment community in Lubbock, 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 24-month construction period and a subsequent 40-year term. The project is being developed by North Park Lubbock Development, a privately held regional multifamily development and investment firms. NRP Construction will serve as the project’s general contractor and Capstone Real Estate Services will serve as the management agent. 

Mason Joseph Company, Inc. has arranged the refinancing of Rustico Fair Oaks Apartments, a $28,719,600.00 million loan for 292-unit apartment community in Boerne, 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 35 years. Rustico at Fair Oaks Apartments is a 12 building, 292-unit, apartment complex, three and four story walk-up apartment buildings and a 4,915 square foot Clubhouse Building on the site that includes a resort style pool and fitness center. The project was refinanced by Versa Development, LLC and Athena Domain, Inc

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Mason Joseph Company, Inc., has arranged the refinancing of Turtle Creek Village Phase I, a $13,902,500.00 million loan for 170-unit market rate apartment community in Belton, Texas. The refinancing 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. Turtle Creek Village is a two-and three-story walkup, garden style, multifamily community comprised of 9 buildings, a clubhouse, and support structures situated on 9.7 acres fronting N. Main Street (SH317). The community was built in 1998/1999 and has a Remaining Economic Life of 50 years. The project was refinanced by Turtle Creek Investments, Ltd.  

Mason Joseph Company, Inc., has arranged the refinancing of The Reserve at Cimarron, a $12,240,000 loan for 152 unit apartment community in Mission, 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. The project was refinanced by WLS Interests, Inc.

Mason Joseph Company announced the closing of a $14,019,500 loan for the construction and permanent financing of The Residence at Gateway Village II, a proposed 96-unit Phase 2 market-rate apartment community on Southbend Drive in Denison, 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 96-units spread over four, 3-story garden-style apartment buildings with Class A furnishings & amenities.

The project is being developed by CEG Multifamily and Covenant Development both privately held regional multifamily development and investment firms. Galaxy Builders will serve as the project’s general contractor and FPI Management will serve as the management agent. 

Mason Joseph Company, Inc., announced the closing of a $42,595,200 loan for the construction and permanent financing of Mille Miglia, a proposed 324-unit market-rate apartment community in Conroe, 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 324-units spread over 14 three-story garden-style apartment buildings with Class A furnishings & amenities.

The project is being developed by Drennan Development, a privately held regional multifamily development and investment firm. Manbowe Construction will serve as the project’s general contractor and Asset Plus will serve as the management agent.

Mason Joseph Company, Inc. has arranged the refinancing of Brookside Apartments, a $11,755,600 loan for 200-unit market-rate apartment community in Killeen, 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.

Brookside Apartments is located in the heart of Killeen across the street from Killeen Civic & Conference Center. The apartment offers 200 units spread over six three-story and two two-story, walk-up, residential buildings and a clubhouse. The project was refinanced by CEG Multifamily. 

Mason Joseph Company, Inc. has arranged the refinancing of Residence at Gateway Village I, a $18,770,200 loan for 180-unit market-rate apartment community in Denison, 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.

Residence at Gateway Village is located in south Denison off of U.S. Highway 75 and across from Texoma Medical Center. The apartment offers 180 units spread over seven three-story, walk-up, residential buildings and a clubhouse. Residence at Gateway Village I is a project by CEG Multifamily.

Mason Joseph Company, Inc announced the closing of a $44,248,900 loan for the construction and permanent financing of South Flores Lofts, a proposed 292-unit mixed income apartment community to be built in the popular “Southtown” district of Downtown 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 26-month construction period and a subsequent 40-year term. The improvements will feature the 292 units in a single 4-story building with elevators plus a five-story parking garage.


The project is being developed by Athena Domain, Inc and Ryoak Real Estate Group in partnership with San Antonio Housing Trust.  The NRP Group, LLC will serve as the project’s general contractor and Greystar will serve as the management agent.

Mason Joseph Company, Inc. has arranged the refinancing of Cascadia Apartments, a $27.51 million loan for 280-unit apartment community in San Antonio, 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 enable the borrower to significantly reduce the interest rate, achieve a green energy standard and lower its MIP, and increase its loan term to 40 years. Cascadia Apartments is located in west San Antonio in the Westover Hills area, which is also home to Sea World and the Hyatt Hill Country Residence Club.

Mason Joseph Company, Inc. has arranged the refinancing of Vistas at Red Creek Apartments, a $20 million loan for 176-unit apartment community in San Angelo, 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. 

Mason Joseph Company, Inc. announced the closing of a $36,800,000 loan for the construction and permanent financing of Cascades at Onion Creek Apartments, a 264-unit affordable property, located at 11819 South Interstate Highway 56, 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% tax credits provided through the Texas Department of Housing and Community Affairs. 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 improvements will consist of 11 three-story, garden style, walk-up residential buildings with Class A furnishings.

The development is a collaborative effort between Cadence Development and the Travis County Housing Finance Corporation. The project was designed by SLG + Studio Architects, and will be built by Skybeck Construction LLC. 

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $29,196,900 loan for the construction and permanent financing of Vista Colina Apartments, a proposed 214-unit market-rate apartment community near the intersection of Kyle Seale Parkway and 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 21-month construction period and a subsequent 40-year term. The apartment will offer 214-units spread over 2, 4-story garden-style apartment buildings with Class A furnishings & amenities.

The project is being developed by RRG Developers, a privately held regional multifamily development and investment firm. Galaxy Builders will serve as the project’s general contractor and HomeSpring Residential Services will serve as the management agent. 

Mason Joseph Company, Inc., a San Antonio based FHA multifamily lender, announced the closing of a $41,189,000 loan for the construction and permanent financing of Culebra Commons, a proposed 327-unit mixed income apartment community immediately off of Loop 1604, on the Northwest side of 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 28-month construction period and a subsequent 40-year term. The apartment will offer 327-units spread over 7 two-and-three-story apartment buildings with Class A furnishings & amenities.

The project is being developed by The Lynd Company and T.R. Inscore LLC in collaboration with the San Antonio Housing Trust.  Crane Contracting will serve as the project’s general contractor.

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.

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. 

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. 

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