Life Insurance Company Loans $14.75M For Retail Property In San Antonio's Far West Side
FINANCED
$14,750,000
Texas
See Similar DealsRetail542,080 SF
Financed 06/15/2020
FINANCED
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
See Similar DealsRetail542,080 SF
Financed 06/15/2020
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$27
Total Square Footage:542,080 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,750,000.00
Monthly NOI$98,333.33
Monthly Debt Service$93,230.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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