Updated Mar 11, 2025
Orion Real Estate Partners Acquires 180-Unit Multifamily In San Antonio With Marc Venegas & Mark Limpert
12511 Jones Maltsberger Road, San Antonio, Texas 78247, United States
Building Size
34,952 SF
Asset Type
MultiFamily
Closing
Jun 27, 2022
About this deal
AI
On June 28, 2022, a multifamily property located at 12511 Jones Maltsberger Rd in San Antonio was sold. The property consists of 180 units spread over 7.4 acres.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 12511 Jones Maltsberger Rd
- Market: San Antonio
- Units: 180
- Acres: 7.4
The buyer of the property was Orion Real Estate Partners, represented by Marc Venegas and Mark Limpert. The lender involved in the transaction was East West Bank, while CBRE Multifamily Capital acted as the mortgage broker.
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MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93