David B. Norton Brokers $18.7 Million in Financing for 125-Unit Project in San Antonio Suburb

by Channing Hamilton

BOERNE, TEXAS — David B. Norton Inc. has negotiated $18.7 million in construction and equity financing for a 125-unit development in the northwest San Antonio suburb of Boerne. The borrower and direct lender were not disclosed. The project will comprise 98,000 square feet of rentable space across five stories. Units will come in studio, one- and two-bedroom floor plans with an average size of 782 square feet. Construction will begin immediately and is slated to complete in about 18 months.

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