Slatt Capital arranged financing for the Villas at Bella Vista, a 43-unit Build-to-Rent (BTR) townhome project recently constructed in San Antonio, Texas. The $11.2-million bridge loan was secured through Arixa Capital and will be used to retire a construction loan and bridge the project through to stabilization.
The Villas at Bella Vista was delivered by HHS Residential as the general contractor, on time and on budget in 2024. The unit mix consists of three- and four-bedroom / three-bath, two-story townhomes averaging 1,840 square feet with private backyards and attached two-car garages.
Slatt Capital’s Makenzie W. Campbell arranged the bridge loan financing on behalf of the sponsor, along with Slatt’s John Darrow and Dominic Sestito.
The project is located at 13721 Giovanni’s Garden, roughly 20 minutes West of Downtown San Antonio.
