Slatt Capital, Inc., a prominent commercial mortgage banking firm, 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.
“Expanding into Texas is a natural next step for Arixa Capital, where we set new loan origination records in 2024 as part of our nearly $1.4 billion record year,” said Lauren George, Director of Originations at Arixa. “Developers and builders here, like in all our markets, are looking for a reliable partner—and we’ve built a trusted and resilient lending platform that helps our clients focus on what they do best: delivering incredible projects.”
Campbell added, “Slatt has a strong relationship with Arixa Capital having placed four loans with them out of our Los Angeles office in the last year. They are a trusted and proven capital provider ideally suited to transition our client from the construction phase of their development. We are thrilled to be part of their expansion to Texas as we continue to grow our Texas presence.”
Villas at Bella Vista provides an attainable rental alternative to first time home buyers, empty nesters, and young professionals/families, seeking high quality finishes and professionally managed dwellings with fewer amenities and private living spaces. The project is located at 13721 Giovanni’s Garden, roughly 20 minutes West of Downtown San Antonio. The Villas at Bella Vista was delivered by HHS Residential as the general contractor, on time and on budget in 2024.
The project sets a new standard with the highest quality construction in the market. The unit mix consists of three- and four-bedroom / three-bath, two-story townhomes averaging 1,840 square feet with private back yards and attached two-car garages.
Slatt Capital is a long-standing and respected institution with 54 years of experience in commercial mortgage banking. It has correspondent relationships with several of the country’s most prestigious capital sources, providing custom-tailored solutions for sponsors’ needs. In addition to assisting clients with debt and equity placement nationwide, Slatt Capital manages a $5.2 billion servicing portfolio.
