Northmarq finalizes sale and financing of Overlook at Westover Hills in San Antonio, Texas

Overlook at Westover Hills
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SAN ANTONIO, TEXAS (March 2, 2022) – Bryan VanCura, associate in Northmarq’s San Antonio-based regional office, arranged the sale of Overlook at Westover Hills. The 27-unit multifamily property (originally built in 2009) is located at 9850 Westover Hills Boulevard in San Antonio, Texas. Cheryl Higley, senior vice president in Northmarq’s Austin office arranged acquisition financing for the buyer with 3-years interest only and less than a four percent rate via the company’s correspondent relationship with a life insurance company. 

“The Overlook represents a unique opportunity for the new Owner to tap into the Westover Hills submarket’s robust demand for custom boutique style living, not offered anywhere else,” said VanCura. 

With panoramic golf course views of the Hyatt Hill Country Resort, residents enjoy luxury living in one of San Antonio’s premier residential condominium developments. The property is close to Lackland AFB and minutes from local restaurants. The nearby River Walk offers residents a chance to walk and/or bike from the San Antonio Zoo to the Witte Museum, the historic Majestic Theater, the Shops at Rivercenter, the Missions of San Antonio and back again. 

Three institutions of higher learning are within 8.3 miles of the Overlook at Westover Hills, including: Northwest Vista College (1.9 miles), Galen College of Nursing-San Antonio (8.1 miles), University of Texas Health Science Center San Antonio (8.3 miles). Residents can enjoy the natural world in their own backyard, with the property having five parks within 6.3 miles, including: Sea World San Antoio (1.4 miles), Cathedral Rock Nature Park (3.0 miles), Heritage Duck Pond Park (3.4 miles), Slick Park (4.8 miles) and Nani Falcone Park (6.3 mile). 

Community amenities include: Controlled access, pet play area, walking/biking trails, and grill. Apartment amenities include: High-speed internet access, smoke free, cable ready, double vanities, ice maker, pantry, oven, refrigerator, hardwood floors and crown molding. 

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, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.

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