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120 9th Street

Constellation Group's Eduardo Otaola Secures Refinance Loan For 220-Unit Multifamily In San Antonio
FINANCEDMultiFamily

Constellation Group's Eduardo Otaola Secures Refinance Loan For 220-Unit Multifamily In San Antonio

120 9th Street

$37,300,000

Building Size

Asset Type

MultiFamily

Closing

Apr 26, 2026

AI

The property asset involved in this transaction is a multifamily unit consisting of 220 units located at 120 9th Street in San Antonio. The transaction is a refinance loan characterized by a three-year, floating-rate with a one-year extension option.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Lender: Aaron Derby - Benefit Street Partners
  • Landlord: Eduardo Otaola - Constellation Group
  • Landlord's Rep: Scott Wadler, Matt Nihan & Matt Jackson - Berkadia
  • Loan Type: Refinance
  • Loan Terms: Three-year, floating-rate loan with a one-year extension option

The individuals involved in this transaction represent a collaboration between various stakeholders. Aaron Derby from Benefit Street Partners acts as the lender, while Eduardo Otaola from Constellation Group serves as the landlord. The representation for the landlord is handled by the team from Berkadia, including Scott Wadler, Matt Nihan, and Matt Jackson.

Players

Scott Wadler

Berkadia

Broker

$10.2B

vol

167 deals

Broker
Benefit Street Partners Realty
Benefit Street Partners RealtyLender

Eduardo Otaola

Constellation Group

Landlord

$181.1M

vol

7 deals

Landlord

San Antonio MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93