CHZ Investments Secures 95% LTC Construction Loan For Mixed-Use Property On Old Bandera Road In San Antonio
14743 Old Bandera Road, Helotes, TX 78023
Building Size
300 SF
Asset Type
Mixed-use
Closing
Mar 31, 2021
About this deal
AI
CHZ Investments, LLC has closed a transaction for a mixed-use property located at 14743 Old Bandera Road in San Antonio. The property is in the market for a loan deal secured from Mortgage REIT. The transaction, facilitated by WelcomeLend brokers Cameron Huard and Will Macfee, took place on April 1, 2021. The loan type is a construction loan, with loan terms of 95% loan-to-cost (LTC) and a quick-close construction loan.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 14743 Old Bandera Road
- Market: San Antonio
- Landlord: CHZ Investments, LLC
- Lender: Mortgage REIT
- Brokers: Cameron Huard & Will Macfee - WelcomeLend
- Loan Type: Construction Loan
- Loan Terms: 95% LTC, quick-close construction loan
CHZ Investments, LLC secured the loan deal for the mixed-use property at 14743 Old Bandera Road in San Antonio. The deal was made possible through the assistance of WelcomeLend brokers Cameron Huard and Will Macfee. The specific loan amount and square footage of the property were not disclosed.
On the Map
Mixed-use
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Helotes Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93