Closes $59M Financing for San Antonio Mixed-Income Asset Featured on Multi-Housing News
Summary
The financing was arranged by Kevin OGrady and Daniel Eidson of Concord Summit Capital.This is the second new development refinanced by The Lynd Group in the past several weeks. Last month, the owner closed on a $133 million refinancing loan for The Villas at Tuttle Royale, a 401-unit property located in West Palm Beach, Fla.CEO, David Lynd, told Multi-Housing News. 144 of the propertys units are designated as affordable.Features and finishes of residences include in-unit washers and dryers, above-standard ceiling heights, digital locks, detached garages and energy-efficient LED lighting. Community amenities include a bark park, resident hideaway, rentable storage units, controlled building access, sand volleyball court, yoga studio, coffee bar, clubroom and package lockers.The location of Potranco Commons in one of San Antonios fastest-growing enclaves places residents near popular eateries, shopping centers and nightlife destinations. Three retail locations including The Parke, Potranco Village Shopping Center, and Madisons Market are within 7- to 11-minute walks of the property.