JOHNSON CAPITAL ARRANGES $7.8M REFINANCING FOR HOUSTON APARTMENTS
HOUSTON — Johnson Capital has arranged a $7.8 million refinancing loan for Vineyard Trace Apartments, a 238-unit multifamily complex in Houston. The two-building property, located at 15414 Kuykendahl Road, was built in 1979 and features a separate laundry facility and swimming pool. The FHA Section 223(a)(7) non-recourse loan includes an interest rate in the high-3 percent range and a 35-year amortization schedule. Scott Graber of Johnson Capital arranged the terms of the loan on behalf of sponsor HM Equity, which has owned and operated the asset through a special purpose entity since 2008.