TDK Cos. Lands $64M for Tennessee Project
The development is the second phase of a 2013-completed community.

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.
TDK broke ground on Phase Two at the end of last year. The development will rise at 1048 W. Oakland Ave., about 5 miles from downtown Johnson City and close to a host of dining and retail destinations.
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When complete, the community will comprise 12 three-story buildings with one-, two- and three-bedroom floorplans. Common-area amenities are to include a multilevel swimming pool, outdoor kitchen with a gas fireplace, pet park with covered pavilion and playground. The property will also feature a clubhouse with TVs, multiple gaming station, a pool table, coffee bar and car wash.
Walker & Dunlop Senior Managing Directors Keith Melton and David Strange led the team that secured the loan for TDK Cos.
Walker & Dunlop’s activity in the Southeast
Walker & Dunlop had a total transaction volume of more than $11.6 billion year-to-date through September 2024. The debt financing volume amounted to some $8 billion.
In August, the company arranged a $36 million note on behalf of Venterra Realty for the acquisition of Trevesta Place Apartments, a 256-unit community in Palmetto, Fla. The note is set to mature in 2029.
Earlier last year, Walker & Dunlop represented South Coast Property Investments and Abacus Capital in securing $62 million in equity and debt backing the development of Burnside Farms Apartments. The 308-unit project is rising in Columbia, S.C., and is the first phase of a larger development.