$34M Mortgage Obtained for La Cantera Apartments

USAA Real Estate Co. took out a $33.9 million mortgage on the Residences at La Cantera, at 6215 Via La Cantera in San Antonio. The 323-unit luxury apartment complex delivered in 2014, and is adjacent to Shops at La Cantera. TIAA of New York City loaned the money to the San Antonio-headquartered USAA.

At the same time, USAA Real Estate transferred ownership of the complex from Loadstar LLC to US MF LC. Both companies are managed by USAA executives.

The complex, valued at $78 million by the Bexar Appraisal District, is part of the master-planned, 1,700-acre La Cantera master planned community. USAA began building the 178-acre, mixed-use Town Center at La Cantera in 2008. Town Center at La Cantera will eventually include one million square feet of Class A office space, a boutique hotel, 500 residences and 50 retail businesses.

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