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CPC Mortgage Co. Provides $30M Construction Loan For Multifamily Development In San Marcos

Rattler Road, South Old Bishop
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This MultiFamily property located in TX received a loan of $30,000,000 over 2 years ago.

The multifamily property located at Rattler Road @ S Old Bishop in San Marcos has been involved in a recent closed transaction. Spanning across 10 acres of land, the property consists of 216 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $30,000,000
  • Market: San Marcos
  • Address: Rattler Road @ S Old Bishop
  • Landlord: Mission Development Group - Tracy Hsu
  • Lender: CPC Mortgage Co. - Rafael E. Cestero
  • Loan Type: Construction

Rafael E. Cestero from CPC Mortgage Co. facilitated the loan for this transaction. The loan amount for the deal was $30,000,000. Tracy Hsu, representing Mission Development Group, acted as the landlord in the transaction.

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Deals
  • Location
    Rattler Road, San Marcos, TX, USARattler Road, San Marcos, TX, USA
  • Loan Value
    $30,000,000$30,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Lender1 Lender

CPC Mortgage

CPC Mortgage

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Deal Summary

LOAN IMAGE: Rafael E. Cestero DATE: 10/01/2021 ADDRESS: Rattler Road @ S Old Bishop MARKET: San Marcos ASSET TYPE: Multifamily ~ ACRES: 10 ~ UNITS: 216 LENDER: CPC Mortgage Co. - Rafael E. Cestero LANDLORD: Mission Development Group - Tracy Hsu LOAN AMOUNT: $30,000,000 LOAN TYPE: Construction

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