River Rock Capital Acquires 720-Unit Multifamily Property On Jackson Keller Rd With $60.5M Bridge Loan From Arbor Realty Trust

The multifamily property located at 1700 Jackson Keller Road in San Antonio has been involved in a recent closed transaction. Spanning across 25 acres, the property features 720 units, making it an extensive residential complex in the area.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $60,500,000
• Units: 720
• Acres: 25
• Address: 1700 Jackson Keller Road, San Antonio

Judah Hammer and Daniel Neiss, from the Meridian Capital Group, acted as brokers in this deal. Representing the buyer and seller, they played a crucial role in facilitating the transaction between the acquiring party and the seller.

The lender, Arbor Realty Trust, provided a bridge loan of $60,500,000 for the purchase of the property. The financing arrangement helped the buyer to secure the necessary funds to complete the transaction smoothly. Meanwhile, River Rock Capital served as the landlord in this deal, overseeing the ownership and management of the multifamily property.