facebook


Go ProSubmit a deal
Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Loan

/

8631 Fairhaven Street, San ...

Updated Oct 14, 2026

Devin Elder's DJE Texas Management Acquires Multifamily Portfolio In San Antonio For $56.7M
FINANCEDMultiFamily

Devin Elder's DJE Texas Management Acquires Multifamily Portfolio In San Antonio For $56.7M

8631 Fairhaven Street, San Antonio, Texas 78229, United States

$56,725,000

Units

599

Asset Type

MultiFamily

Closing

Mar 22, 2022

About this deal

AI

The multifamily property portfolio located in North Central San Antonio has been recently closed in a transaction. The portfolio consists of three properties: 8631 Fairhaven St, 12221 Blanco Rd, and 7302 University Row, totaling 599 units. The transaction was overseen by Devin Elder of DJE Texas Management, who acted as the landlord, and John Brickson of McKinney Realty Capital, who served as the broker.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $56,725,000

The Bancorp Bank and lument''>Lument provided a bridge loan of $56,725,000 for this transaction. The loan terms include a 3+1+1 non-recourse bridge loan structure. It is worth noting that this three-property portfolio represents a significant investment opportunity in the rapidly growing market of San Antonio, Texas.

With Devin Elder and John Brickson leading the way, this transaction showcases their expertise in the North Central San Antonio real estate market. Their successful collaboration resulted in the completion of this substantial multifamily portfolio acquisition.

On the Map

Open live map

$56,725,000

MultiFamily

View full map

Players

John Brickson

McKinney Realty Capital

Broker

$363M

vol

22 deals

Broker
DG
DJE Texas Management GroupBuyer
Lument
LumentLender

Devin Elder

DJE Texas Management Group

Landlord

$56.7M

vol

1 deal

Landlord
Bilt advertisement

San Antonio MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Deal FAQ

About $94.7K per unit across 599 units on a published $56.7M (2022).

Visit John Brickson to view all their deals.

Browse Texas multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets