SHENANDOAH, TEXAS — Johnson Capital Multifamily, a Dallas-based, LLC subsidiary of Oak Real Estate Partners, has closed a construction-to-permanent loan of an undisclosed sum for a joint venture to build WoodLofts, a 229-unit project 30 miles north of Houston.
The loan, financed through FHA’s 221(d) multifamily mortgage insurance program, carries a fixed interest rate of 5.55 percent. The structure combines both construction and permanent financing into a single package. The developer is Woodlofts Shenandoah, a joint venture between Buckhead Investment Partners and Juniper Investment Group, both based in Houston. The WoodLofts site is adjacent to The Woodlands mixed-use, master-planned development.
Situated on a fully entitled, 3.2-acre site, the four-story development features studio, one-, two- and three-bedroom units. Apartments sport 9-foot ceilings, stainless steel appliances, granite countertops, in-unit washers and dryers and private balconies or patios with optional dog yards. Amenities include a clubhouse and leasing center, a resort-style pool, fitness center, package concierge, media room, a dog park and grooming station, elevators and an outdoor kitchen. Pre-leasing is expected to begin in late 2026, with completion targeted for the third quarter of 2027.