San Antonio Investment
Property Loans.
San Antonio investors often target affordable single-family rentals, duplex stock, and modest garden apartments anchored by military, healthcare, and hospitality employment.
Talk through a propertyHow San Antonio deals
actually look
San Antonio and Bexar County carry lower price points than Austin or DFW, with more value-add fourplexes and 6 to 10 unit buildings than mid-rise stock. Underwriting still splits by unit count: four units or fewer on residential DSCR, five to ten on small multifamily, eleven plus on apartment DSCR.
Property taxes still reassess after sale, and scattered portfolios across north, west, and south sides are common. Capituro matches each property to the right program lane based on unit count, income type, and stabilization status.
See all Texas investor financing for statewide program overview.
What investors own here
Affordable single-family rentals
Wide areas of the north, west, and south sides offer 1,200 to 1,900 square foot rentals often purchased between $180K and $320K. DSCR minimum loan sizes of $250K may require appropriate leverage when purchase prices are modest.
Duplex and fourplex value add
Older duplex and fourplex stock near downtown, Tobin Hill, and corridor neighborhoods is common investor inventory. Cash out after rehab often routes through 1 to 4 Unit DSCR with documented renovation spend.
Small garden apartments
Six to twelve unit buildings appear along Bandera, Military Drive, and older inner corridors. Five to ten units fits 5 to 10 Unit DSCR. Eleven plus routes to 10+ Unit DSCR with NOI documentation.
Common San Antonio loan lanes
Cash out refinance
Pull equity after stabilization on value-add residential and small multifamily.
Program details1 to 4 Unit DSCR
Entry rentals and small residential value-add exits across Bexar County.
Program details5 to 10 Unit DSCR
Stabilized small apartments along San Antonio corridors.
Program details10+ Unit DSCR
Stabilized 11+ unit apartments. Refinance and cash out driven by NOI and DSCR, not residential DSCR rules.
Program detailsCommercial DSCR
Retail and office on highway and neighborhood commercial strips.
Program detailsWhat slows deals here
Post-sale tax reassessment
Bexar County appraisal districts reset values toward recent sales. Underwrite DSCR with the expected post-purchase tax bill, not the seller's historical rate.
Lower rents versus minimum loan sizes
Purchase prices may be modest while DSCR minimums start at $250K residential and $500K on small multifamily. Leverage and property selection may need adjustment.
Military tenant turnover
Stable military-affiliated tenancy can support income documentation, but leases and collections still need to show actual rent supporting the payment.