Updated Mar 3, 2025
Lument Provides $16M Bridge Loan For San Antonio Multifamily Property On Rowley Rd
5455 Rowley Road, San Antonio, Texas 78240, United States
$16,000,000
Units
92
Asset Type
MultiFamily
Closing
May 2, 2022
About this deal
AI
A multifamily property located at 5455 Rowley Rd in San Antonio has been involved in a recent transaction. The property spans 4.3 acres and consists of 92 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,000,000
- Address: 5455 Rowley Rd
- Market: San Antonio
- Units: 92
- Acres: 4.3
lument''>Lument, represented by Phil Frasca, served as the lender for this transaction. The loan was a bridge loan with a total amount of $16,000,000. It had a floating interest rate and a three-year term, with two 12-month extension options.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93