{"id":1004128713,"date":"2015-10-05T05:52:01","date_gmt":"2015-10-05T13:52:01","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=362040"},"modified":"2022-12-08T01:32:00","modified_gmt":"2022-12-08T09:32:00","slug":"berkadia-secures-financing-for-the-parq-on-the-boulevard","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/berkadia-secures-financing-for-the-parq-on-the-boulevard\/","title":{"rendered":"Berkadia Secures Financing for The Parq on the Boulevard"},"content":{"rendered":"

By Anca Gagiuc, Associate Editor<\/em><\/p>\n

\"The<\/a><\/p>\n

The Parq on the Boulevard<\/em><\/p>\n<\/div>\n

Berkadia<\/a> has secured $15.7 in financing for The Parq on the Boulevard<\/a>, a multifamily community located in San Antonio.<\/p>\n

Managing director Andy Hill of Berkadia\u2019s Austin office secured the Freddie Mac loan on behalf of Mosaic Marq LP. The borrower will use the seven-year, floating-rate financing for the acquisition of the property. Loan terms include two years of interest-only payments followed by a 30-year amortization schedule. At the time of the closing the property was 94 percent occupied.<\/p>\n

The Parq on the Boulevard is a 208-unit property located at 5655 UTSA Blvd. in Northwest San Antonio. The asset offers easy access to I-10, Loop 410, and Loop 1604, and is located in close proximity to Six Flags Fiesta Texas, Palmer Course at La Cantera, The Shops at La Cantera, and less than a mile from the University of Texas at San Antonio.<\/p>\n

The community is situated on more than 11 acres of land and offers one-, two-, and three-bedroom floor plans. Community amenities feature resort-style swimming pool with tanning deck and pool side Wi-Fi access, barbecue grills, outdoor fire place with seating, fitness center, business center, and pet park. Unit amenities include faux wood flooring, oversized patios and balconies, walk-in closets, and attached garages.<\/p>\n

“Berkadia is known for its superior client service and market expertise,” Hill said in a prepared statement. “We worked closely with the borrower and leveraged our extensive experience in the San Antonio area to negotiate and deliver attractive terms that met the borrowers\u2019 needs.”<\/p>\n

Image courtesy of The Parq on the Boulevard<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Berkadia lends a helping hand for the acquisition of a multifamily property in San Antonio, Texas.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004128713","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nBerkadia Secures Financing for The Parq on the Boulevard - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/berkadia-secures-financing-for-the-parq-on-the-boulevard\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berkadia Secures Financing for The Parq on the Boulevard\" \/>\n<meta property=\"og:description\" content=\"Berkadia lends a helping hand for the acquisition of a multifamily property in San Antonio, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/berkadia-secures-financing-for-the-parq-on-the-boulevard\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-05T13:52:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T09:32:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/The-Parq-on-the-Boulevard.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-financing-for-the-parq-on-the-boulevard\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-financing-for-the-parq-on-the-boulevard\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Berkadia Secures Financing for The Parq on the Boulevard\",\"datePublished\":\"2015-10-05T13:52:01+00:00\",\"dateModified\":\"2022-12-08T09:32:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-financing-for-the-parq-on-the-boulevard\\\/\"},\"wordCount\":270,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-financing-for-the-parq-on-the-boulevard\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/The-Parq-on-the-Boulevard.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-financing-for-the-parq-on-the-boulevard\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-financing-for-the-parq-on-the-boulevard\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/berkadia-secures-financing-for-the-parq-on-the-boulevard\\\/\",\"name\":\"Berkadia Secures Financing for The Parq on the Boulevard - 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