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4949 North Loop 1604 West, ...

Aetna Provides $12.3M Refinancing Loan For San Antonio Office At 4949 N Loop 1604 W
FINANCEDOffice

Aetna Provides $12.3M Refinancing Loan For San Antonio Office At 4949 N Loop 1604 W

4949 North Loop 1604 West, San Antonio, TX 78249

$12,300,000

$210/SF

Building Size

58,389 SF

Asset Type

Office

Closing

Jan 7, 2022

AI

The property involved in this closed transaction is an office space located at 4949 N Loop 1604 W in San Antonio. The property spans a total of 58,389 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 4949 N Loop 1604 W
  • Market: San Antonio
  • Asset Type: Office
  • Square Footage: 58,389

The lender for this transaction was aetna''>Aetna, while Sirell Properties served as the landlord. Bryan Leonard from Northmarq represented the parties involved in the deal as the broker.

The loan amount for this transaction was $12,300,000. It was a refinancing loan with a three-year term and interest-only payment structure.

Players

Bryan Leonard

NorthMarq

Broker

$347.4M

vol

6 deals

Broker
Aetna
AetnaLender

San Antonio Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.29%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93