Byline Bank Provides $14M Construction Loan For Industrial Building In San Antonio

The $14 million construction loan was secured for the joint venture of TradeLane Properties Fund III and Phelan Development Company to construct a 257,000-square-foot industrial building located at 6357 Rittiman Road in San Antonio, Texas. Byline Bank's Commercial Real Estate Group facilitated this transaction, providing much-needed Class A industrial space to the northeast submarket.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,000,000
• Address: 6357 Rittiman Road
• Market: San Antonio
• Lender: Matt Robertson - Byline Bank's Commercial Real Estate
• Landlord: Dan Morrison - TradeLane Properties Fund III; Jeffrey Phelan - Phelan Development Company

Holland & Knight and Franklin Law Group served as the brokers for this deal, demonstrating the commitment of Byline Bank to support ground-up developments efficiently and foster enduring relationships with top-tier sponsors nationally. This marks Byline's thirteenth transaction with TradeLane, showcasing a strong and successful partnership in the real estate market.