The $27.6 million HUD-insured 223(f) financing carries a 35-year term and amortization, along with a low fixed interest rate. Originally built in 2016, Willowbend Apartments consists of 10, three-story buildings with one-, two-, three-bedroom units that offer modern appliances and finishes, in-unit washer/dryers, walk-in closets and private outdoor living spaces. Amenities include the pet-friendly community’s swimming pool, fitness center and clubhouse, business center, grilling area and outdoor kitchen, and on-site parking. Located near Spring Creek and Interstate 69 HOV, the property offers easy access to the area’s shopping, dining and entertainment hubs, major employers, downtown Houston, and the George Bush Intercontinental Airport.
