Northmarq finalizes financing for affordable housing property in San Antonio, Texas

Broadway Heights
Debt & Equity
Multi-Tenant
Multifamily
Permanent Loan - Fixed
Credit Union
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SAN ANTONIO, TEXAS (July 25, 2022) – Anthony Lyssy, vice president of Northmarq’s San Antonio office, secured refinancing for Broadway Heights. The 98-unit multifamily property (built in 1964) is located at 1201 East Mulberry Avenue in San Antonio, Texas. The transaction was structured with a 15-year fully amortizing term. Northmarq arranged the permanent-fixed loan for the borrower through its relationship with a credit union. 

Residents enjoy on-site parking, tile floors, balcony, and spacious patio area. Situated less than two miles north of Downtown San Antonio, residents are within walking distance to popular attractions such as The Pearl, Brackenridge Park, the San Antonio Zoo, The DoSeum, Witte Museum, and Fort Sam Shopping Center.

Broadway Heights is conveniently located 5.9 miles away from San Antonio International Airport, along with three major Universities and two nearby military bases. Residents benefit from San Antonio’s historic character and proximity to U.S. 281, I-35, and I-37.

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About Northmarq 
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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