BRYAN – Parkcrest Builders Ltd. and Parkgreen Living LLC are developing The Residence at Oakmont, a 256-unit Class A apartment community at the intersection of Boonville Rd. and Pendleton Dr.
Mason Joseph Co. Inc. has closed a $29.5 million loan for the construction and permanent financing of the property.
HUD provided the nonrecourse loan, which offers a fixed interest rate for the 18-month construction period and subsequent 40-year term.
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