Vineyard, San Antonio

March 23, 2017 Comments Off on MF Buy Driven by $63M Acquisition Financing Views: 261 San Antonio, Texas News

MF Buy Driven by $63M Acquisition Financing

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Hunt Mortgage Group arranged three Fannie Mae loans totaling $62.6 million that enabled the acquisition of multifamily assets in San Antonio, TX, as well as in Houston and Farmers Branch, TX. All three assets were acquired by Charlie Yalamanchili and Ilan Investments LLC.

In San Antonio, the target property is the 364-unit Vineyard Springs at 18200 Blanco Springs in the northwest part of the metro. The asset delivered in 2000, with amenities such as two swimming pools, a putting green and dog park, clubhouse lounge area, theater room and a fitness center with a separate yoga/spin studio.

The other two properties were the 224-unit Portofino at Las Colinas at 11601 Lago Vista West in Farmers Branch, TX, and the 224-unit Thorntree Apartments at 13502 N. Thorntree Dr. in Houston.

All three loans were closed with Fannie Mae’s “Green Rewards,” which allowed Hunt Mortgage to fund the borrower’s planned energy- and water utility-saving improvements and achieve lower interest rate pricing.

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