Saturday, June 6, 2015

HFF secures financing for Ventana Apartments in San Antonio, TX


Ventana Apartments, 11020 Huebner Oaks, San Antonio, TX

HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured fixed-rate financing for Ventana Apartments, a 390-unit, Class A multi-housing community in San Antonio, Texas.

Cortney Cole
Working on behalf of the borrower, Venterra Realty, HFF placed the five-year, 3.06 percent fixed-rate loan with a life company correspondent lender.  Loan proceeds were used to acquire the asset.

Ventana Apartments consists of 25 two- and three-story residential buildings containing one-, two- and three-bedroom units totaling 380,076 rentable square feet.

  Community amenities include two swimming pools with cabanas, a fitness center, clubhouse and gated access. 

The 95-percent-leased property is located at 11020 Huebner Oaks near the intersection of Huebner Road and Interstate 10, proximate to retail and entertainment venues including Huebner Oaks Center, which provides an exceptional mix of more than 50 stores and restaurants within walking distance of the property. 

Ventana is also located minutes from the South Texas Medical Center (30,000 employees) as well as other major employers, including USAA.

The HFF debt placement team representing the borrower was led by director Cortney Cole and real estate analyst Jordan Finch. 

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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