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HOUSTON-Owners of The Lodge at Kingwood, a 312-unit apartment community at 938 Kingwood Dr. in the upscale, suburban neighborhood of Kingwood, have received $14.1 million in refinancing from Nationwide Life Insurance Co. The complex owned by The Hanover Co. was constructed in 1999 and consists of 180 one-bedroom units and 132 two-bedroom units.

The property is 98% leased.

H. Scott Gallaway, senior managing director and Cortney R. Cole, associate of Holliday Fenoglio Fowler’s Houston office arranged the three-year, adjustable-rate loan.

“Nationwide was particularly attracted to this investment due to the long-term viability of the Kingwood market, as well as the extremely high quality of both the product and sponsorship,” Cole says in a statement.

The apartment complex features in-unit amenities like nine-foot ceilings, European style cabinetry, fireplaces in certain units and washers and dryers. The complex offers a fitness center, pool, clubhouse with game room, cinema room with stadium seating, covered parking, private access gates and access to public transportation.

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