The Lynd Group Secures $58.7M Refinance Loan for San Antonio Multifamily Community
The Lynd Group has closed on a $58.7 million bridge loan from Ladder Capital to refinance Potranco Commons, a newly completed multifamily community located at 202 W. Loop 1604 S. on San Antonio’s Far West Side. The loan will be used to pay off the initial construction financing for the property, which was completed in the first quarter of 2025.
The financing was arranged by Kevin O’Grady and Daniel Eidson of Concord Summit Capital.
Potranco Commons features 360 modern apartment units, offering a mix of one-, two-, and three-bedroom layouts. The community is equipped with a suite of upscale amenities, including:
– A resort-style swimming pool with lounge areas
– A state-of-the-art fitness center and yoga studio
– A playground and pet park
– A sand volleyball court
– A coffee bar
This marks the second notable refinancing deal by the Lynd Group in recent weeks. On March 14, the firm also secured a $132.5 million loan from MF1 Capital for Villas at Tuttle Royale, a 401-unit development in Royal Palm Beach.
