IPA Capital Markets Arranges $40.3 Million Bridge Loan For 312-Unit Birwood Heights In San Antonio

The transaction involved a multifamily asset located at 4003 North Loop 1604 West in San Antonio, Texas, comprising 312 apartment units. The property was financed for a total loan amount of $40,300,000 through a bridge loan. The market for this asset is notably active due to strong demand for newer multifamily properties in the region.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $40,300,000
• Loan Type: Bridge
• Loan Terms: Non-recourse
• Units: 312
• Market: San Antonio, TX

Brandon Roth, Travis Headapohl, and Adam Mengacci from Institutional Property Advisors - Marcus & Millichap represented the financing arrangement for this property. The three-year bridge loan was structured at 80% stabilized loan-to-value with a 6.45% debt yield, reflecting the competitive nature of the current financing environment.