FINANCED
Colliers Mortgage Provides $16.8M Construction Loan For 199-Unit Culebra Road Apartments
5606 Culebra Road
MultiFamily
Financed 127 days ago
Summary
Loan
TEXAS
MultiFamily
The Culebra Road Apartments in San Antonio have secured $16.8 million in construction-to-permanent financing from Colliers Mortgage. This funding supports affordable housing and will contribute to the completion of the 199-unit multifamily property, expected in fall 2025. The HUD-backed loan has a 40-year term.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,800,000
- Units: 199
- Lender: Jeff Rogers - Colliers Mortgage
- Landlord: Culebra Road Apartments LP
The loan for Culebra Road Apartments was facilitated by Jeff Rogers from Colliers Mortgage, acting as the lender's representative. This construction loan provides essential financial support for the project, ensuring the development of affordable housing options for the community.
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Lenders
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Details
FINANCED
IMAGE: Jeff Rogers
DATE: 01/02/2024
ADDRESS: 5606 Culebra Road
MARKET: San Antonio
ASSET TYPE: Multifamily ~ UNITS: 199
LENDER: Jeff Rogers- Colliers Mortgage
LANDLORD: Culebra Road Apartments LP
LOAN AMOUNT: $16,800,000
LOAN TYPE: Construction Loan
LOAN TERMS: 40-year term
NOTE: Colliers Mortgage has provided $16.8 million in construction-to-permanent financing for the 199-unit Culebra Road Apartments in San Antonio. The HUD-backed funding, with a 40-year term, supports affordable housing, with completion expected in fall 2025.View on map
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Address5606 Culebra Road
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