Scott Graber Closes HUD/FHA Loan for St. Elmo Apartments

PROPERTY NAME: St. Elmo Apartments

PROPERTY ADDRESS: 4323 South Congress Ave. Austin, TX 78745

LOAN AMOUNT: $74.5 Million

LOAN CODE/SECTION: FHA Section 221 (d)(4)

UNITS: 387

Denver Office Closing – New Construction in Austin, TX.

Originator: Scott Graber

“We so pleased to be a part of this transformative project. It’s one of the largest multifamily projects insured by the FHA in the Southwest region.   It’s literally changing the landscape of the South Congress sub-market of Austin, TX by providing Class A rental housing injunction with a 40,000 sq. ft. market place which acts a HUB for the community and  an incubation center for local artisans bringing their talents, goods, and services to the public under one roof,” said Scott.

The St. Elmo District is off South Congress located just 10 minutes from the airport and 9 minutes from Downtown. The hip new community offers places to shop, meet and eat all in the same neighborhood. The apartments have a modern design with trending architectural features.

Community Amenities Include:

• Fitness Center
• Pool
• Dog Park
• Office Space
• Hotel Site
• Public Market to Feature: bakery, coffee bars, brew pubs, cafes, produce stores, butchers and florists to provide a true town square feel

CONTACT US

For more information about our FHA Multifamily financing services, please email Scott at Sgraber@gershman.com or call:

Scott Graber
Vice President

Multifamily &  Senior Housing

206-276-4402