Alternative Solar Secures $500K Bridge Loan For Office Space At 5415 Lost Lane In San Antonio
5415 Lost Lane, San Antonio, Texas 78238, United States
$500,000
$83/SF
Building Size
6,000 SF
Asset Type
Office
Closing
Jan 19, 2022
About this deal
AI
The property involved in the transaction is an office space located at 5415 Lost Lane in San Antonio. The office space spans 6,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $500,000
- Market: San Antonio
The lender for this transaction is Gelt Financial, represented by Noah Miller. The loan amount provided was $500,000, and it was a 12-month bridge loan. The loan was funded in just 2 weeks. Alternative Solar is the landlord in this transaction.
Players
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
31.73%
Cash-on-Cash
-9.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93