Matthew Miller Of The Vecino Group Secures $22 Million Loan For Commons At Acequia Trails Development

This transaction involves a development site located at South Presa Road & Old Corpus Christi Highway in the San Antonio market. The transaction amount is $22 million, which has been allocated to fund the development of Commons at Acequia Trails, a supportive housing project consisting of 201 units intended for affordable housing.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $22,000,000
• Landlord: Matthew Miller - The Vecino Group
• Broker: Blair Holden - Walker & Dunlop
• Project: Commons at Acequia Trails
• Unit Count: 201 supportive housing units
• Contract: 80 units covered by a 15-year Section 8 HAP contract

Walker & Dunlop arranged the $22 million in Low-Income Housing Tax Credit (LIHTC) equity for The Vecino Group, which is collaborating with multiple public and private partners to realize this significant project aimed at providing housing for individuals at risk of homelessness.