Benefit Street Partners Provides $103M Bridge Debt for Texas Multifamily Portfolio
The three multifamily communities sit outside San Antonio and Austin, Texas, and opened in the last three years
By Brian Pascus August 11, 2026 2:16 pm
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Vantage Communities has secured $103 million in bridge debt to refinance a three-property, 864-unit multifamily portfolio in three cities in Texas, Commercial Observer can first report.
Benefit Street Partners provided the debt, which will finance the property toward full stabilization and is structured as a floating-rate, interest-only bridge loan with a three-year term.
Greystone Capital Advisors‘ Drew Fletcher, Bryan Grover, Jesse Kopecky and Cameron Behr arranged the transaction.
“Benefit Street Partners recognized the quality of the sponsorship, the assets, and the long-term fundamentals supporting these dynamic Central Texas markets,” said Fletcher.
The three assets are split among Vantage at Hutto — a 288-unit complex located at 1051 North Farm to Market 1660 in Hutto, Tex., just outside of Austin; Vantage at McKinney Falls — a 288-unit complex located at 7900 McKinney Falls Parkway in suburban Austin, Tex.; and Vantage at Fair Oaks — a 288-unit complex located at 9135 Dietz Elkhorn Road in Boerne, Tex. outside of San Antonio.
All three assets opened in either 2023 or 2024 and feature amenities such as resident clubhouses, fitness centers and resort-style swimming pools.
“We were pleased to structure a financing solution that met our clients’ objectives while leveraging the strength of this high-quality, recently delivered portfolio,” added Fletcher in a statement.
Brian Pascus can be reached at bpascus@commercialobserver.com.
