Northmarq completes sale and financing of value-add multifamily community in San Antonio, Texas
SAN ANTONIO, TEXAS (February 1, 2022) – Moses Siller, managing director of Northmarq’s San Antonio investment sales team, arranged the sale of Residences on Blanco. The 296-unit multifamily community (built in 1979) is located at 12301 Blanco Road in San Antonio, Texas. Residences on Blanco is in the Castle Hills Forest neighborhood (just 22 minutes north of downtown). The area is near the Wurzbach Parkway and only 13 minutes from the San Antonio International Airport, making it perfect for business class travelers and commuters.
Alex Kane, vice president of Northmarq’s Los Angeles debt/equity team negotiated acquisition financing for the transaction via the company’s in-house Fannie Mae team. The permanent-fixed loan was structured with a fully-amortizing 10-year term.
The property is nestled on more than nine and a half acres in between two expansive recreational parks. Located in the heart of San Antonio, the property is situated near two major thoroughfares and offers residents close proximity to a plethora of dining, retail, entertainment and employment options. Nearby institutions of higher learning include: University of Texas Health Science Center San Antonio (6.0 miles), Galen College of Nursing-San Antonio (6.3 miles) and University of the Incarnate Ward (8.2 miles). Numerous other points of interest are easily accessible by residents, such as some of San Antonio’s top attractions—DoSeum, the San Antonio Zoo and the San Antonio Botanical Garden.
Apartment amenities include: High-speed internet access, air conditioning, smoke free environment, fireplace, framed mirrors, dishwasher, disposal, kitchen, oven, range, refrigerator, freezer, carpet, vinyl flooring, dining room, walk-in closets, window coverings, balcony and patio. Community amenities include: Package service, Wi-Fi at pool/clubhouse, laundry facilities, controlled access, property manager on site, 24-hour availability, recycling, online services, planned social activities, business center, clubhouse, lounge, breakfast/coffee concierge, storage space, fitness center, pool, playground, tennis court and grill.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
