Updated May 12, 2025
Old Capital Brokers Secures $29.4M Bridge Loan For 401-Unit San Antonio Multifamily
4400 Bluemel Road
$29,400,000
$1,029/SF
Building Size
28,572 SF
Asset Type
MultiFamily
Closing
Sep 2, 2021
About this deal
AI
The asset involved in the transaction is a multifamily property located at 4400 Bluemel Rd in the San Antonio market. This property consists of 401 units and the loan amount is $29,400,000 for a bridge loan type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,400,000
- Units: 401
- Address: 4400 Bluemel Rd
- Market: San Antonio
- Lender: John Sloot & Colin Cross - Lument
- Broker: Old Capital - John Brickson
- Loan Type: Bridge
This transaction features key individuals, including John Sloot and Colin Cross representing the lending side as part of Lument, while John Brickson from Old Capital acts as the representative broker in this deal.
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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93