Marbach-Park-San-Antonio

SunTrust Provides $12.9M Acquisition Loan for San Antonio Apartments

by Taylor Williams

SAN ANTONIO — SunTrust Bank (NYSE: STI) has provided a $12.9 million Fannie Mae acquisition loan for Marbach Park, a 304-unit multifamily community in San Antonio. The property, which was built in 1984 and was more than 95 percent occupied at the time of the loan closing, offers one- and two-bedroom units. Amenities include a pool, fitness center, coffee bar and a playground. Evan Hom of SunTrust originated the 15-year loan, which carries a 30-year amortization schedule and eight years of interest-only payments, on behalf of two undisclosed sponsors based in California and Dallas.

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