Updated Jan 19, 2026
Kyle Libby Of Medcore Partners Secures $69.4M Loan From Forbright Bank For Acquisition In San Antonio
230 West Sunset Road
$69,400,000
Units
221
Asset Type
MultiFamily
Closing
Jan 9, 2026
About this deal
AI
The property asset involved is a 221-unit seniors-housing complex located at 230 West Sunset Road in San Antonio. Medcore Partners acquired this multifamily asset through $69.4 million in financing from Forbright Bank. The property's recent assessed value was noted at $39 million and includes independent, assisted, and memory-care units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $69,400,000
- Lender: Forbright Bank
- Landlord: Kyle Libby - Medcore Partners
- Previous Owner: Artemis Real Estate Partners
The transaction was represented by Kyle Libby from Medcore Partners, highlighting the involvement of a seasoned investor in the acquisition of the seniors-housing complex. The financing secured from Forbright Bank underscores the strategic investment approach of Medcore Partners in the San Antonio market.
On the Map
$69,400,000
MultiFamily
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Players
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93