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
Westville To Open at 540 Third Avenue in Murray Hill
Article
February 1, 2022
Westville Expands: Opening its 12th Location
Article
February 1, 2022
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Article
February 1, 2022
Mermaid Inn Restaurateurs Ink 2K SF at 61 West 74th Street for New Eatery
Article
February 1, 2022
New York City's Top Retail Leases in July 2026
Article
February 1, 2022
