William Booth Garden Apartments Seeking Funding for Renovations

JPH & Associates is assisting the Salvation Army who currently owns William Booth Garden Apartments in San Antonio, Texas. This 192 unit project was constructed in 1982 and the Salvation Army is now considering major renovations which are projected to be range from $3 to $5 million. JPH Associates is working with Walker and Dunlop who is located in California and is one of the largest commercial real estate lenders in the country. JPH and Associates role is to oversee the project and procure a rent increase from the US Department of HUD. It is anticipated that the financing generated from the rent increase will pay for all the renovations.

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