Castle Lanterra And InterVest Capital Partners Provide $62.3M Loan For Multifamily Project In San Marcos

The transaction involves a multifamily asset located at 834 Cottonwood Parkway in San Marcos, TX, consisting of 384 units. The loan amount associated with this property is $62,300,000, which supports a high-demand, lease-up multifamily project situated in the I-35 corridor.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $62,300,000
• Units: 384
• Address: 834 Cottonwood Parkway
• Market: San Marcos
• Landlord: Elie Rieder - Castle Lanterra
• Landlord: Michael Gontar - InterVest Capital Partners

Castle Lanterra and InterVest Capital Partners provided the senior bridge loan to Z Modular for the Flatz 512 project. This investment marks the partnership's second U.S. endeavor, highlighting their strategic focus on credit solutions for core-plus and value-add real estate opportunities.