JOHNSON CAPITAL ARRANGES $29.7M MULTIFAMILY CONSTRUCTION LOAN

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NAVARRE, FLA. — Johnson Capital has arranged a $29.7 million construction loan for a planned 250-unit apartment complex in Navarre, a beachside town along the Gulf Coast in Florida’s panhandle. The apartment community will be called The Sounds at Navarre Beach Apartments and will be located at a 16-acre site at the southeast corner of U.S. Highway 98 and Joybrook Road. Scott Graber of Johnson Capital’s Denver office arranged the FHA loan with a 40-year amortization schedule on behalf of the borrower, Talos Holdings LLC, a multifamily developer.

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