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Castle Lanterra And InterVest Capital Partners Provide $62.3M Loan For Multifamily Project In San Marcos
FINANCED
$62,300,000
Texas
See Similar DealsMultiFamily
Financed 01/12/2026
FINANCED
Castle Lanterra And InterVest Capital Partners Provide $62.3M Loan For Multifamily Project In San Marcos
834 Cottonwood Parkway
See Similar DealsMultiFamily
Financed 01/12/2026
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$62,300,000.00
Monthly NOI$415,333.33
Monthly Debt Service$393,778.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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