NorthMarq Arranges Fannie Mae Loan for SA Acquisition
NorthMarq’s Atlanta office arranged acquisition financing of $24.6 million for The Park on Wurzbach, a 264-unit multifamily property at 4707 Wurzbach Rd. in San Antonio. The firm arranged the 10-year financing for the borrower, Venterra Realty, through its in-house Fannie Mae team.
Originating producers included Faron Thompson, regional managing director and Ali Meek, VP of NorthMarq’s Atlanta office, and Houston-based VP Matthew Bronstein.
The Park on Wurzbach is convenient to I-410, Ingram Park Mall, Westover Hills, St. Mary’s University, and major employment centers, including the South Texas Medical Center and USAA. Constructed in 2019, the community is located nine miles from Downtown San Antonio.
“Fannie Mae was able to provide a competitive financing option and certainty of execution for the longtime borrower, Venterra Realty, who leaned on their relationship with NorthMarq Atlanta’s team for a seamless transaction on a high-quality asset,” said Thompson.
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- ◦Financing
- ◦Sale/Acquisition
