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Texas  + Finance  | 

Covenant Capital Adds NW San Antonio Multifamily

JLL Capital Markets closed the sale of, and arranged acquisition financing for, the Park at Rialto, a newly constructed, 274-unit, garden-style multi-housing community built by GenCap Partners in the northwest part of San Antonio. Financial terms weren’t disclosed.
 
A JLL team worked on behalf of buyer Covenant Capital Group to secure the seven-year, fixed-rate acquisition loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC., a Freddie Mac Optigo lender.
 
The JLL team that led the financing efforts on behalf of the borrower was led by CW Sheehan, Alastair Barnes and Scott Dickey. JLL’s team representing the seller was led by Sean Sorrell. 
 
“Park at Rialto is a great acquisition for Covenant Capital Group, as they expand their portfolio in Texas,” Sheehan said. “The property offers excellent access to major employers and will benefit from the continued growth between Boerne and San Antonio.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Sale/Acquisition
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