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11446 Mckendree Road

Updated Oct 19, 2026

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

About this deal

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:

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.

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$34,300,000

Development Site

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Players

Aj Felberbaum

BayBridge Real Estate Capital

Broker

$2.6B

vol

37 deals

Broker
BayBridge Real Estate Capital
BayBridge Real Estate CapitalBrokerage
The Ardent Companies
The Ardent CompaniesLender
Bones Investment Group
Bones Investment GroupLandlord
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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

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