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

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.