Rosewood Property Co. has successfully refinanced Ventura Ridge, a 482-unit multifamily property located in San Antonio. The deal was arranged by JLL Capital Markets and funded through New York Life Insurance Co., with Commercial Edge reporting that the firm secured a $40 million loan. This replaces previous financing, which included a $35.9 million bridge loan from Northwestern Mutual.
Built in 2015, Ventura Ridge is an upscale Class A property consisting of four mid-rise buildings spanning four stories each. It offers one- to three-bedroom floorplans ranging from 600 to 1,516 square feet and includes private balconies or patios as well as walk-in closets in each unit. Residents can also enjoy various amenities such as a swimming pool, dog park and pet grooming center, fitness center and clubhouse with coffee bar and billiards table, along with outdoor entertainment areas for social gatherings. The community is conveniently located at 5602 Presidio Parkway and provides ample parking space with over 550 spots available.
The borrower was represented by JLL Capital Market’s Debt Advisory team led by John Brownlee alongside John Bauman,
Chad Lisbeth,and Scott Cole.
In recent news reported by Connect CRE , Rosewood Property Co.’s latest achievement involves securing refinancing for their premier multifamily property known as Ventura Ridge in San Antonio – comprising of an impressive total of482 units.The successful transaction was made possible through the efforts ofJLL Capital Marketsand funding providedby New York Life Insurance Co.,with Commercial Edge noting that the firm obtaineda substantial$40 million note.This new financing arrangement supersedes previous funding sources includinga bridge loan worth $35 .9millionoriginatedby Northwestern Mutual.
Constructedin2015,the luxurious Class A developmentofVenturaRidgeis comprisedof fourmid-riseresidentialbuildings spreadacrossfour floors.In additionto offering spaciousone-to-three bedroomfloor plansranging from600 to 1,516 square feet,the property also boasts private balconies or patios and walk-in closets in each unit. Residents can take advantage of various community amenities such as a swimming pool, dog park and pet grooming center, fitness center with clubhouse featuring a coffee bar and billiards table,and outdoor entertainment areas for social gatherings. Located at5602 Presidio Parkway,the community also provides ample parking space with over 550 spots available.
The borrower was represented by JLL Capital Market’s Debt Advisory team led by John Brownlee alongside John Bauman,
Chad Lisbeth,and Scott Cole.
