Meridian Capital Group

Arbor Lends $61M on 720-Unit Multifamily Asset in San Antonio

February 01, 2022

River Rock Capital has inked $60.5 million of acquisition financing for the purchase of a multifamily property in San Antonio, Commercial Observer has learned.

Arbor Realty Trust provided the bridge loan for River Rock to acquire Sterling at Castle Hills, a 25-acre apartment development, sources told CO. The debt package was structured as a 76 percent loan-to-cost with River Rock planning to invest in significant capital improvements with the new infusion.

Featuring:
Daniel Neiss
Vice President
Underwriting and Loan Placement
(212)612-0269
[email protected]
Judah Hammer
Managing Director
Origination
(212)612-0163
[email protected]
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