Limited Liability Company Acquires 204-Unit Apartment Community in San Antonio
SAN ANTONIO — Urbana SA Property LLC has acquired Urbana Apartments, a 204-unit multifamily community in San Antonio. The market-rate property consists of seven two-story residential buildings offering one- and two-bedroom units. Amenities include a pool, fitness center, a business center and onsite laundry facilities. Dougherty Mortgage arranged an undisclosed amount of Fannie Mae acquisition financing for the deal. The loan carried a 12-year term and a 30-year amortization schedule.