The Lynd Group closed on a $58.7 million bridge loan from Ladder Capital to refinance Potranco Commons, a multifamily community located at 202 W. Loop 1604 S. on San Antonio’s Far West Side. The new financing will pay off the initial construction loan. Potranco Commons was completed in the first quarter of 2025. 

The financing was arranged by Kevin O’Grady and Daniel Eidson of Concord Summit Capital.

Potranco Commons is a 360-unit apartment community offering modern one-, two-, and three-bedroom residences.

The community boasts a variety of resort-style amenities and services, including: 

• Resort-style pool with lounge areas
• State-of-the-art fitness center and yoga studio
• Playground and pet park
• Sand volleyball court
• Coffee bar

This is the second new multifamily development Lynd refinanced over the past few weeks.  On March 14, it received a $132.5 million loan from MF1 Capital for the 401-unit Villas at Tuttle Royale located in Royal Palm Beach.