The Lynd Group, a national real estate development and property management firm, closed on a $58,750,000 bridge loan from Ladder Capital to refinance Potranco Commons, a premier luxury multifamily community located at 202 W. Loop 1604 S. on San Antonio’s Far West Side. “The new financing will pay off the initial construction loan. Potranco Commons was completed in the first quarter of 2025.
“In today’s world, the debt side of the equation is no longer a given. Ladder came with a strong quote, executed flawlessly and brought this to a quick close. We are very pleased as this positions the asset in a good place to get through this cycle,” said A. David Lynd, Lynd Group CEO.
Lynd added, “I want to thank the entire Lynd Development team for bringing this incredible project to life–from concept to completion. It holds special meaning for our company, as it was built right in our own backyard.”
“Lending on new, high-quality multifamily projects is an integral component of Ladder’s business strategy, and we are glad to have partnered with the Lynd Group on this opportunity,” said Brian Harris, CEO of Ladder Capital.
The financing was arranged by Kevin O’Grady and Daniel Eidson of Concord Summit Capital.
“We were very happy to close another loan with the Lynd Group. We think the world of David Lynd and his organization and are looking forward to the next opportunity to work together,” said O’Grady, Concord Summit chairman.
Potranco Commons is a 360-unit luxury apartment community offering modern one-, two-, and three-bedroom residences. Each unit features premium finishes such as quartz countertops and smart-home technology, designed to cater to today’s discerning renters.
Resort-style pool with lounge areas, state-of-the-art fitness center and yoga studio, playground and pet park, sand volleyball court, coffee bar, 24/7 package lockers as well as rentable storage lockers. The property’s prime location places residents just minutes from popular restaurants, retail centers, and entertainment destinations, making it a highly desirable living environment in one of San Antonio’s fastest-growing areas.
This is the second new multifamily development Lynd refinanced over the past few weeks. On March 14, it received a $132.5 million loan from MF1 Capital for the 401-unit Villas at Tuttle Royale located in Royal Palm Beach, a thriving community near West Palm Beach, Florida.
