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Bones Investment Group Secures $34.3 Million Bridge Loan From The Ardent Companies

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FINANCED
$34,300,000
Jay Miller
Aj Felberbaum
+ 2

Florida

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Development Site
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Property Image
FINANCED

Bones Investment Group Secures $34.3 Million Bridge Loan From The Ardent Companies

11446 Mckendree Road

See Similar Deals
Development Site
Financed
Jay Miller
Aj Felberbaum
+ 2
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

The property involved in this transaction is a development site located at 11446 McKendree Road in the San Antonio market. The asset has a building square footage of 1,100,000 and is associated with a loan amount of $34,300,000 structured as a bridge loan.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $34,300,000
  • Asset Address: 11446 McKendree Road
  • Market: San Antonio
  • Building Square Footage: 1,100,000
  • Lender: The Ardent Companies
  • Landlord: Bones Investment Group
  • Broker Representatives: Spencer Miller, Aj Felberbaum, Jay Miller, Noah Rothman & Daniel O'Mahony - BayBridge Real Estate Capital

This transaction involves key individuals including the lender, The Ardent Companies, and the landlord, Bones Investment Group. The brokers representing the deal are Spencer Miller, Aj Felberbaum, Jay Miller, Noah Rothman, and Daniel O'Mahony from BayBridge Real Estate Capital, each playing a significant role in facilitating this financing arrangement.

Players

Aj Felberbaum
31 deals$2.4B volume(646) 213-7600
BROKER

Jay Miller
BayBridge Real Estate Capital
34 deals$2.6B volume(646) 213-7561
BROKER

Spencer Miller
BayBridge Real Estate Capital
30 deals$2.4B volume
BROKER

Noah Rothman
BayBridge Real Estate Capital
10 deals$797.4M volume
BROKER

Daniel O'Mahony
BayBridge Real Estate Capital
2 deals$79.6M volume
BROKER

BayBridge Real Estate Capital
BROKERAGE

Details

FINANCED
IMAGE: Spencer Miller, Daniel O'Mahony, Jay Miller, Noah Rothman & Aj Felberbaum DATE: 6/6/2025 ADDRESS: 11446 Mckendree Road MARKET: San Antonio ASSET TYPE: Development Site ~ BSF: 1,100,000 LENDER: The Ardent Companies LANDLORD: Bones Investment Group (@Bones_Investment_Group) BROKERS: Spencer Miller, Aj Felberbaum, Jay Miller, Noah Rothman & Daniel O'Mahony - BayBridge Real Estate Capital LOAN AMOUNT: $34,300,000 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$34,300,000.00

Monthly NOI$228,666.67
Monthly Debt Service$216,799.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00