Old Three Hundred Capital Secures $47.3M Acquisition Loan For San Antonio Multifamily Property

The multifamily property located at 327 W Sunset Rd in San Antonio has been involved in a recent closed transaction. The property consists of 312 units with a total area of 259,951 square feet. The transaction took place on 07/07/2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $47,300,000
• Market: San Antonio

The landlord of the property is Old Three Hundred Capital, while the lender involved in the transaction is Prime. The transaction was facilitated by Marko Kazanjian, Chris McColpin, Max Herzog, and Andrew Cohen from JLL Capital Markets.

The loan amount for this acquisition is $47,300,000. It is a non-recourse, floating-rate loan provided by the lender. The terms of the loan are structured as floating-rate and non-recourse.