HHS Residential Secures $11.2 Million Bridge Loan For 43-Unit Multifamily Project In San Antonio

The asset involved in this transaction is a 43-unit Build-to-Rent townhome project located at 13721 Giovannis Garden in the San Antonio market. HHS Residential, the landlord, secured a bridge loan totaling $11.2 million from Arixa Capital to refinance existing construction debt and facilitate the project through to stabilization.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,200,000
• Lender: Arixa Capital
• Landlord: HHS Residential
• Brokers: Dominic Sestito, John Darrow & Makenzie Campbell - Slatt Capital
• Loan Type: Bridge
• Units: 43

Slatt Capital played a crucial role in this transaction, with brokers Dominic Sestito, John Darrow, and Makenzie Campbell responsible for arranging the loan to support the project's financial needs. Their expertise facilitated a smooth refinancing process aimed at stabilizing the townhome development.