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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).