Oakdell Way Townhomes Looks to Future Renovations

Financing was recently secured for the acquisition and update of Oakdell Way Townhomes, a 100-unit multifamily property located in San Antonio. JLL worked on behalf of the borrower, REEP Equity, to secure the financing through NexBank.

REEP Equity plans to renovate the units built in 1988. Renovations nd will include upgrades to the overall community exterior, amenities and unit interiors. Unit updates include adding stainless or black appliances, updated faucets, countertops and hardware.

The Oakdell Way Townhomes features 100 units, with each averaging 1,114 square feet offered in two- and three-bedroom floorplan options. The townhomes are located at 6020 Danny Kaye Dr. adjacent to the San Antonio Medical Center. The property also benefits from various entertainment and dining options and is a short 20-minute commute to downtown.

The JLL team representing the seller was led by Mark Brandenburg, CW Sheehan and Cort Martin. JLL and REEP Equity have partnered on a handful of financing transactions this year including Chartwell Court, Savoy Manor and Residences 2727.