Quinn Residences Secures $108.6 Million Loan From Madison Realty Capital For Development Project
$108,600,000
Building Size
—
Asset Type
Development Site
Closing
Oct 8, 2025
AI
The asset involved in this transaction is an 88-acre development site located at 31725 Country Road 52 & Moccasin Wallow within the San Antonio & Parrish market. Quinn Residences secured construction financing amounting to $108.6 million from Madison Realty Capital for this development project.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $108,600,000
- Lender: Josh Zegen - Madison Realty Capital
- Landlord: Richard Ross - Quinn Residences
- Brokers: Nate Weyer - George Smith Partners
- Loan Type: Construction
The financing arranged by Nate Weyer of George Smith Partners is designated for building two rental communities, namely Moccasin Wallow in Parrish and Terra View in San Antonio, Florida. The projects are expected to deliver a combined total of 413 single-family rental units.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93