Rosewood Property Co. Lands $40M Refi in San Antonio
The owner completed the 482-unit property in 2015.
Rosewood Property Co. has refinanced Ventura Ridge, a 482-unit multifamily property in San Antonio. JLL Capital Markets arranged the deal through New York Life Insurance Co. According to Yardi Matrix information, the firm obtained a $40 million note.
Previous financing included a $35.9 million bridge loan originated by Northwestern Mutual maturing this October, the same source shows.
The Class A Ventura Ridge came online in 2015 and is a four-story, mid-rise property. The four-building community consist of one- to three-bedroom floorplans ranging between 600 and 1,516 square feet. Apartments also feature private balconies or patios and walk-in closets.
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Common-area amenities include a swimming pool, dog park and pet grooming center, fitness center and clubhouse, coffee bar and billiards table, as well as outdoor entertainment areas. The community also has some 550 parking spaces.
Located at 5602 Presidio Parkway on almost 20 acres, Ventura Ridge is just off Interstate 10 and less than 3 miles from the University of Texas at San Antonio. Downtown San Antonio is some 15 miles away, while San Antonio International Airport is roughly 12 miles southeast.
JLL Capital Market’s Debt Advisory team representing the borrower comprised Senior Managing Director John Brownlee, Director John Bauman and Analysts Chad Lisbeth and Scott Cole.
Rosewood Property Co.’s recent multifamily activity
Rosewood Property Co. mostly develops multifamily projects ranging from 250 to 400 units across Texas, focusing on suburban areas in the Dallas, Austin and San Antonio metros. The company is also expanding through acquisitions or joint venture development in Sunbelt markets.
In July, Rosewood Property Co. and MetLife Investment Management started construction on The Buckley, a 338-unit multifamily development in Plano, Texas. Due to come online in the summer of 2026, the project is the second residential component of the mixed-use Heritage Creekside development.
