TDK Cos. Lands $64M for 288-unit Tennessee Project; development is the second phase of a 2013-completed community, The Reserve at Johnson City

1/16/2025

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MHN

• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Construction Loan, MF: Garden

• Company: Walker & Dunlop

TDK Cos. has obtained a $64 million construction loan for The Reserve at Johnson City II, a 288-unit market rate project in Johnson City, Tenn. Walker & Dunlop arranged the FHA financing on behalf of the borrower.

The development is the second phase of The Reserve at Johnson City. The 248-unit first phase, completed in 2013, consists of 10 two-, three- and four-story buildings spread across nearly 15 acres.