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NorthMarq Arranges $8M Loan For Office Building In San Antonio

Property Image
FINANCED
$8,000,000

Texas

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Office41,590 SF
Financed 12/07/2020
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Property Image
FINANCED

NorthMarq Arranges $8M Loan For Office Building In San Antonio

19707 West Interstate 10, San Antonio, TX, USA

See Similar Deals
Office41,590 SF
Financed 12/07/2020
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$192
Total Square Footage:41,590 SF
Transaction Type:Loan

The property at 19707 Interstate 10 W. in San Antonio, Texas has been involved in a recent closed transaction. The asset type is an office space, spanning 41,590 square feet. The transaction took place on December 7, 2020, as conveyed by the provided image shared by Bryan Leonard on Instagram.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: December 7, 2020
  • Address: 19707 Interstate 10 W., San Antonio
  • Market: San Antonio
  • Asset Type: Office
  • Square Footage: 41,590

Bryan Leonard from NorthMarq represented the parties involved in this transaction. He acted as the broker, facilitating the deal.

The loan amount secured for this transaction was $8,000,000. The loan terms included a fixed interest rate and a fully amortizing 20-year term. This information provides valuable insights into the financial aspects of the deal, showcasing the significant capital involved.

Players

Bryan Leonard
6 deals$347.4M volume(210) 734-1844
BROKER

Details

FINANCED
IMAGE: Bryan Leonard⁠ DATE: 12/07/2020⁠ ADDRESS: 19707 Interstate 10 W.⁠ MARKET: San Antonio⁠ ASSET TYPE: Office⁠ SF: 41,590⁠ ⁠ BROKER: Bryan Leonard - NorthMarq⁠ ⁠ LOAN AMOUNT: $8,000,000⁠ LOAN TERMS : fixed interest rate and a fully amortizing 20-year term.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,000,000.00

Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00