May 24, 2017
Institutional Property Advisors (IPA) completed the sale of Parc 410, a 1980-built multifamily community along Highway 410 in San Antonio featuring two pools, a business center and a dog park.
Dougherty Mortgage LLC secured a $16.5 million loan for the 344-unit property. The loan was arranged through a partnership with Old Capital Lending, on behalf of the borrower, 5827 Loop 410 LLC.
IPA’s Will Balthrope and Jordan Featherston represented the seller and procured the buyer.
For questions, comments or concerns, please contact Lindsey Allen