Northmarq finalizes financing for affordable housing property in San Antonio, Texas
SAN ANTONIO, TEXAS (July 25, 2022) – Anthony Lyssy, vice president of Northmarq’s San Antonio office, secured refinancing for Broadway Heights. The 98-unit multifamily property (built in 1964) is located at 1201 East Mulberry Avenue in San Antonio, Texas. The transaction was structured with a 15-year fully amortizing term. Northmarq arranged the permanent-fixed loan for the borrower through its relationship with a credit union.
Residents enjoy on-site parking, tile floors, balcony, and spacious patio area. Situated less than two miles north of Downtown San Antonio, residents are within walking distance to popular attractions such as The Pearl, Brackenridge Park, the San Antonio Zoo, The DoSeum, Witte Museum, and Fort Sam Shopping Center.
Broadway Heights is conveniently located 5.9 miles away from San Antonio International Airport, along with three major Universities and two nearby military bases. Residents benefit from San Antonio’s historic character and proximity to U.S. 281, I-35, and I-37.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
