Prime Finance Provides $47.3M Acquisition Loan for 312-Unit Multifamily Property in San Antonio

by Taylor Williams

SAN ANTONIO — Prime Finance has provided a $47.3 million acquisition loan for Lantower Alamo Heights, a 312-unit multifamily property in San Antonio. Built in 2015, Lantower Alamo Heights offers one-, two- and three-bedroom units and was 93 percent occupied at the time of sale. The amenity package consists of a pool, conference room, courtyard, dog park, pet wash station, fire pit, fitness center, a game room and outdoor grilling areas. Marko Kazanjian, Chris McColpin, Max Herzog and Andrew Cohen of JLL arranged the floating-rate loan, as well as a preferred equity investment with Connecticut-based Sound Mark Partners, on behalf of the borrower, Austin-based Old Three Hundred Capital.

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