The American South Real Estate Fund Provides $10.6M Loan For 347-Unit San Antonio Apartment

An apartment property located at 1617 East Commerce Street in San Antonio has recently closed a loan transaction. The loan was secured on August 18, 2020, and the lender involved in the deal was The American South Real Estate Fund. The loan amount for this transaction was $10,600,000. The property has a total square footage of 533,000 and consists of 347 units.

Summary of transaction details

• Property Type: Apartment
• Transaction Amount: $10,600,000
• Address: 1617 East Commerce Street
• Market: San Antonio
• Lender: The American South Real Estate Fund
• Square Footage: 533,000
• Units: 347

The successful closing of this loan transaction involved The American South Real Estate Fund as the lender. The deal signifies the financial support provided by The American South Real Estate Fund to enable the acquisition or refinancing of the apartment property located at 1617 East Commerce Street in San Antonio. The loan amount of $10,600,000 facilitated the financing of this property, which consists of 347 units spread over a total square footage of 533,000.