Walker & Dunlop Secures $85.7M Financing For Bulverde Oaks, San Antonio

The property involved in the transaction is Bulverde Oaks, a 440-unit apartment community located on the north side of San Antonio. The loan amount for the recapitalization of the property was $85.7 million. Situated at 3515 Canyon Pkwy, San Antonio, TX, Bulverde Oaks offers one- and two-bedroom units ranging from 629 to 1,283 square feet. The residences come equipped with stainless steel appliances, individual washers and dryers, as well as private balconies/terraces. Amenities include a pool, fitness center, clubhouse, and event space.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $85,700,000.00
• Borrower's Rep: Sean Bastian(Walker & Dunlop), Sean Reimer(Walker & Dunlop), Triston Stegall(Walker & Dunlop)
• Lender: Bank OZK

Walker & Dunlop represented the borrower, U.S. Living, in the transaction. The preferred equity investment was secured from Mount Auburn Multifamily. The loan was arranged through Bank OZK by Sean Reimer, Sean Bastian, and Triston Stegall of Walker & Dunlop.