NXT Capital (www.nxtcapital.com) announced today that it provided a $24.5 million first mortgage loan to facilitate Jevan Capital’s acquisition of a 224-unit, Class-B apartment community located in San Antonio, Texas. Jevan Capital is led by Jason Buxbaum.  Luke Donahue in the Phoenix office of NorthMarq placed the loan with NXT Capital.

Located in the highly desirable Alamo Heights submarket, the property is located one mile east of the McAllister Freeway as well as two miles south of the San Antonio International Airport. Community amenities include a clubhouse, business center, fitness center, laundry facility, BBQ grills and a swimming pool.