Broadway Lofts
San Antonio, TX; 268 Units, Market Rate Apartments


Broadway Lofts was an FHA-financed new construction project that went into default and was taken over by HUD. The developer purchased the note from HUD, resolved all outstanding litigation and came to Rockhall seeking an FHA-insured substantial rehabilitation loan to complete construction. The San Antonio property is prominently located at the confluence of Interstates 35 and 37 and State Highway 281 on the San Antonio Riverwalk. For years, the half-completed structure was an eyesore for commuters driving into the city. 

The Challenge

This project presented a number of challenges:


Once the Rockhall loan was closed and construction resumed, the project received significant positive coverage in the media.        Before getting to that point, Rockhall addressed the key issues as follows: