Fannie Mae Provides $33.64 Million Refinance Loan For San Antonio Multifamily Property

The property asset involved in this transaction is a multifamily structure located at 7403 Wurzbach Road in the San Antonio market. The asset comprises 276 units and encompasses a total area of 173,804 square feet. The transaction was executed through a refinancing loan with Fannie Mae as the lender.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $33,641,000
• Loan Type: Refinance
• Loan Terms: 5-year term, 5.88% all-in rate, 3 years interest only
• Lender: Fannie Mae
• Brokers: John Ward & Capri Van Gilder - Newmark

John Ward and Capri Van Gilder, both from Newmark, represented the brokerage side of this refinancing transaction, coordinating the deal between the involved parties and ensuring the terms were successfully negotiated.