Rosewood Property Co. Secures $75.9 Million Refinance Loan For 482-Unit Ventura Ridge In San Antonio

The property involved in this transaction is the 482-unit multifamily complex located at 5602 Presidio Parkway in San Antonio. The property was refinanced with a loan amount of $75,900,000 from New York Life Insurance Co, allowing for improved financial terms on the asset originally funded by a $35.9 million bridge loan from Northwestern Mutual. The community was constructed in 2015 and offers one- to three-bedroom units along with amenities such as a pool, fitness center, and dog park.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $75,900,000
• Units: 482
• Address: 5602 Presidio Parkway
• Market: San Antonio
• Lender: New York Life Insurance Co
• Landlord: Rosewood Property Co.
• Brokers: Chad Lisbeth, John Bauman, John Brownlee & Scott Cole - JLL
• Loan Type: Refinance
• Originally Funded By: $35.9 million bridge loan from Northwestern Mutual

The refinancing transaction was facilitated by JLL Capital Markets through the involvement of brokers Chad Lisbeth, John Bauman, John Brownlee, and Scott Cole, representing Rosewood Property Co. This transaction modified the financial structure of the Ventura Ridge community, reflecting strategic investment management in the multifamily sector of the San Antonio market.