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

Rattler Road, South Old Bishop

MultiFamily

435,600 SF

Financed 1 year ago

Summary

Loan

TEXAS

MultiFamily

435,600 sqft

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.

Details

Deal Summary

FINANCED

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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AddressRattler Road, South Old Bishop

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