Artemis joint venture lands another Fannie Mae loan

RailField Realty Partners and Artemis Real Estate received a $44.6m loan from Fannie Mae for the acquisition of Signature Ridge, a 612-unit, Class A multifamily community in San Antonio, Texas. The 10-year floating-rate loan (five interest-only). The acquisition price was not disclosed, but broker CBRE put the loan-to-value around 70%, valuing the asset at nearly $64m.