Life Insurance Company Loans $14.75M For Retail Property In San Antonio's Far West Side
7915 W Loop 1604 N, San Antonio, TX 78254, USA
$14,750,000
$27/SF
Building Size
542,080 SF
Asset Type
Retail
Closing
Jun 15, 2020
AI
The retail property located at 7915 W Loop 1604 N in San Antonio's Far West Side has been involved in a closed loan transaction. The loan was provided by a Life Insurance Company for an amount of $14,750,000. The property spans across 54,208 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,750,000
- Address: 7915 W Loop 1604 N, San Antonio
- Market: Far West Side
- Lender: Life Insurance Company
- Loan Term: 15 years
- Amortization Schedule: 20 years
The transaction was facilitated by Bryan Leonard from NorthMarq.
NOTE: The loan was structured with a 15-year term on a 20-year amortization schedule.
Players
San Antonio Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93