Apartment Acquisition Financing | Beeville, Texas | $2,470,000

Deal Summary: ABP Capital worked to quickly finance the acquisition of both Beeville Oaks and Landmark Apartments located in Beeville, TX (approx. 90 miles southeast of San Antonio, and 57 miles northwest of Corpus Christi). Built in 1984 & 1995, this economically stable 76-unit apartment asset, is competitively situated in the heart of the Eagle Ford Shale. Year to date the Eagle Ford Shale has created nearly $46.6 Billion in total economic output, driving roughly $3.3 Billion in Salaries and Benefits to workers and the subsequent shortage of housing in the Beeville area.

Loan Amount: $2,470,000

Loan Type: Multifamily Acquisition Financing

Loan Term: 6 Months

Property Type: Multifamily Units

Property Location: 100 East Louise Drive, Beeville, TX 78102

Property Size: 3.83 Acres