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Berkadia Provides $24M HUD Construction Loan for Seniors Housing Project in San Antonio

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Berkadia recently provided a $24 million construction loan for Brookwood Senior Apartments, a 197-unit community being developed in northwest San Antonio.

SAN ANTONIO — Berkadia has provided a $24 million construction loan for Brookwood Senior Apartments, a 197-unit community being developed in northwest San Antonio. Chad Bedwell, Franklin Brown and Lloyd Griffin of Berkadia secured the loan, which has a 4 percent fixed interest rate and a 40-year amortization schedule, through HUD’s 221(d)(4) program. The property will feature one- and two-bedroom units and amenities such as a pool, fitness center and a business center.

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