SAN ANTONIO-CBRE, headed by the Miami Capital Markets team, has arranged a $39,761,000 loan to refinance Promontory Pointe, an apartment community consisting of 596 units at 4114 Medical Drive in San Antonio, on behalf of Florida-based Advenir@Promontory, LLC. The 10-year loan has a competitive interest rate with a lengthened interest-only financing term at an 80% loan-to-value rate.
Brokers from Debt & Equity Finance and Institutional Group at CBRE arranged the loan through Freddie Mac. For the full story, go to Florida Real Estate Journal .
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