Landmark Companies and Interforum Holdings Secure $45.3 Million for San Antonio Multifamily Development
A collaboration between Landmark Companies and Interforum Holdings has successfully obtained $45.3 million in construction financing to develop a new multifamily residential community in San Antonio, Texas. This significant financial backing comes as the joint venture prepares to commence work on the Arden Ingram property, which will feature 252 rental units.
Financing Details
The construction loan has been facilitated by Genesis Capital, serving as the primary financier for the project. The transaction was orchestrated by BayBridge Real Estate Capital, with a team comprising Jay Miller, AJ Felberbaum, Spencer Miller, Noah Rothman, and Daniel O’Mahony leading the arrangements.
Project Location and Features
The development will be situated on a 14.18-acre parcel at the intersection of Mabe Road and Ingram Road, just west of Interstate 410. Landmark Companies and Interforum Holdings acquired the previously vacant land in 2022, though the purchase price has not been disclosed. The site is located in the Crown Meadows neighborhood, approximately 11 miles from Downtown San Antonio.
Designed as a garden-style apartment complex, the Arden Ingram project aims to enhance community living with various amenities. Planned facilities include:
- A clubhouse
- A fitness center
- A swimming pool
- Pickleball courts
- A dog park
Timeline for Completion
Construction is slated to be completed by early 2027, marking a significant addition to the area’s housing landscape.
Industry Context
This deal is part of a broader trend in multifamily developments within urban centers, as demand for rental housing continues to rise in many markets, including San Antonio.
Representatives from Genesis Capital, Landmark Companies, Interforum Holdings, and BayBridge have yet to respond to inquiries for further comments on the project.