River Rock Capital Group Secures $24.57M Bridge Loan For Acquisition Of Multifamily Property In San Antonio

River Rock Capital Group has acquired a multifamily property located at 2355 Austin Highway in San Antonio - Alamo Park, Texas. The property consists of 309 units and offers a total of 449 parking spaces. The acquisition was facilitated through an acquisition bridge loan, which allowed for a swift 16 business day close. The loan amount for the transaction was $24,570,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,570,000
• Address: 2355 Austin Highway, San Antonio - Alamo Park, Texas
• Total Units: 309
• Total Parking Spaces: 449

The transaction was handled by Judah Hammer and Daniel Neiss of Meridian Capital Group, who acted as the brokers for River Rock Capital Group. Their expertise and efforts contributed to the successful acquisition of the property.