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Old Capital Arranges $10.48M Bridge Loan For Multifamily Property In San Antonio

6111 Vance Jackson Road
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This MultiFamily property located in TX received a loan of $10,480,000 almost 3 years ago. The brokers of the deal were John Brickson and Drew Garza

The multifamily property located at 6111 Vance Jackson Rd in San Antonio has been involved in a recent transaction. The financing for this property was arranged by Old Capital, with a bridge loan amounting to $10,480,000. The loan terms include 80% loan-to-cost ratio, a 3.95% interest rate, and a 29-day close.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,480,000
  • Address: 6111 Vance Jackson Rd
  • Market: San Antonio

John Brickson of Old Capital served as the broker who arranged the financing for this transaction, while Drew Garza represented the seller as an IPA representative.

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Deals
  • Location
    6111 Vance Jackson Rd, San Antonio, TX, USA6111 Vance Jackson Rd, San Antonio, TX, USA
  • Loan Value
    $10,480,000$10,480,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

John Brickson

John Brickson

Deals19
Financed$296.1M

Agency

Institutional Property Advisors

Institutional Property Advisors

Agency
Deals519
Volume$16.9B

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Deal Summary

LOAN IMAGE: Drew Garza & John Brickson DATE: 04/14/2021 ADDRESS: 6111 Vance Jackson Rd MARKET: San Antonio ASSET TYPE: Multifamily BROKER: John Brickson (@JBrickson) - Old Capital arranged the financing / Drew Garza - IPA represented the Seller. LOAN AMOUNT: $10,480,000 LOAN TYPE: Bridge Loan LOAN TERMS: 80% LTC / 3.95% Rate / 29 day close

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6111 Vance Jackson Road

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