Axonic Properties LLC Acquires 422-Unit Multifamily Property In San Antonio, TX For $33.6M Loan

The asset involved in this transaction is a multifamily property located at 2189 S WW White Rd, San Antonio, TX. It spans a total square footage of 939,415 and encompasses 422 units. The total loan amount secured for this acquisition is $33,600,000, structured as a 24-month interim loan with interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $33,600,000
• Square Footage: 939,415
• Units: 422
• Address: 2189 S WW White Rd
• Market: San Antonio, TX
• Lender: KeyBank Real Estate Capital - Alan Isenstadt
• Landlord: Jonathan Shechtman & Brian Kennedy - Axonic Properties LLC
• Loan Type: Acquisition
• Loan Terms: 24 month Interim Loan, Interest-Only

The key individuals involved in this transaction include Alan Isenstadt representing KeyBank Real Estate Capital as the lender, and Jonathan Shechtman and Brian Kennedy of Axonic Properties LLC serving as the landlords. This transaction highlights the collaboration between the lending institution and the property management team facilitating the deal.