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Bellwether Enterprises Provides $36.7M Construction Loan For Multifamily Property In Von Ormy, TX

Somerset Road & Fischer Road
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This MultiFamily property located in TX received a loan of $36,700,000 over 2 years ago.

Located at Somerset Rd & Fischer Rd in Von Ormy, this multifamily property consists of 348 units. The transaction took place on October 25, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $36,700,000
  • Address: Somerset Rd & Fischer Rd
  • Market: Von Ormy
  • Units: 348

Ned Huffman from Bellwether Enterprises provided the construction loan of $36,700,000 for this project. The borrower, Galaxy Builders Ltd, was represented by Neilesh Verma.

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Deals
  • Location
    Somerset Rd & Von Ormy Road, San Antonio, TX, USASomerset Rd & Von Ormy Road, San Antonio, TX, USA
  • Loan Value
    $36,700,000$36,700,000
  • Asset Type
    MultiFamilyMultiFamily

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Deal Summary

LOAN IMAGE: Ned Huffman & Neilesh Verma DATE: 10/25/2021 ADDRESS: Somerset Rd & Fischer Rd MARKET: Von Ormy ASSET TYPE: Multifamily ~ UNITS: 348 LENDER: Bellwether Enterprises - Ned Huffman LANDLORD: Galaxy Builders Ltd - Neilesh Verma LOAN AMOUNT: $36,700,000 LOAN TYPE: Construction

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