SAN ANTONIO–Capital One Multifamily Finance has provided a $63.3 million fixed-rate Freddie Mac loan for the acquisition of Artessa at Quarry Village, a 280-unit luxury apartment community in San Antonio. The transaction was originated by Brian Sykes, Capital One Senior vice president of originations, based in the company's Boston office.
“The property location in a top San Antonio submarket, the high quality of the property construction and the mix of retail that complements the multifamily component of the property collectively makes the asset very attractive to both Freddie Mac and Capital One,” Sykes told GlobeSt.com.
The purchaser, Boston-based Intercontinental Real Estate, has completed a number of transactions with Capital One Multifamily through Intercontinental's U.S. Real Estate Investment Fund, and has granted Capital One exclusive rights to represent Freddie Mac.
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