River Rock Capital has inked $60.5 million of acquisition financing for the purchase of a multifamily property in San Antonio, Commercial Observer has learned.
Arbor Realty Trust provided the bridge loan for River Rock to acquire Sterling at Castle Hills, a 25-acre apartment development, sources told CO. The debt package was structured as a 76 percent loan-to-cost with River Rock planning to invest in significant capital improvements with the new infusion.
Featuring:
Recent Articles | Back to News
Bakery Shop Cafe Aroma to Open New Spot on the Upper East Side
Article
February 1, 2022
Barolo Restaurant Group Inks Deal to Open Italian Eatery in Times Square
Article
February 1, 2022
Los Angeles Matcha Brand Archives of Us Signs Retail Lease in East Village
Article
February 1, 2022
Korean Chef Jiho Kim to Open Flagship Restaurant at 21 West 17th Street
Article
February 1, 2022
Power Young Professionals: Carson Shahrabani, Senior Associate at Meridian Capital Group
Article
February 1, 2022
