Commercial Observer reported that San Antonio based, LYND has secured a $53 million loan from Madison Realty Capital for the construction of a 261-unit multifamily property called The Josephine. Located at 120 West Josephine Street outside of San Antonio’s central business district, the six-story property will feature amenities such as a yoga and spin studio, a fitness center and a rooftop pool. Composed of a mix of studios to three-bedroom units, half of the apartments will be considered affordable, in coordination with the San Antonio Housing Authority. 

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