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11446 Mckendree Road

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

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

11446 Mckendree Road

$34,300,000

Building Size

Asset Type

Development Site

Closing

Jun 5, 2025

AI

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

BayBridge Real Estate Capital

Broker

$2.4B

vol

31 deals

Broker
BayBridge Real Estate Capital
BayBridge Real Estate CapitalBrokerage

San Antonio Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93