David Lynd Of The Lynd Group Secures $58.7 Million Refinance Loan For Potranco Commons Multifamily

The asset involved in this transaction is Potranco Commons, a multifamily community featuring 360 units located at 202 West Loop 1604 South in the San Antonio market. The property is set to open in the first quarter of 2025 and is undergoing refinancing with a loan amount of $58.7 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $58,700,000
• Address: 202 West Loop 1604 South
• Market: San Antonio
• Lender: Brian Harris - Ladder Capital
• Landlord: David Lynd - The Lynd Group
• Broker Representatives: Daniel Eidson & Kevin O’Grady - Concord Summit Capital
• Loan Type: Refinance

The Lynd Group secured a bridge loan to replace the existing construction loan for Potranco Commons. The refinancing was orchestrated by Daniel Eidson and Kevin O’Grady from Concord Summit Capital, highlighting their role in facilitating the financing arrangement.