Office - Debt

NorthMarq Capital arranges acquisition financing for San Antonio, Texas office building

SAN ANTONIO (April 11, 2016) – Bryan Leonard, senior vice president/managing director of NorthMarq Capital’s San Antonio based regional office arranged acquisition financing for a 25,379 sq. ft. office property located at 7540 Louis Pasteur Drive in San Antonio, Texas. The transaction was structured with a 10-year term and 25-year amortization schedule and featured a 75 percent LTV. NorthMarq arranged financing for the borrower through its relationship with a local bank.

The property is well located in the South Texas Medical Center and is 100 percent occupied. Both the lender and the sponsor were able to develop a comfort level with the tenant base and lease terms due to the location, property history and market dynamics.

“The lender offered a flexible and competitive execution for the borrower,” said Leonard. “The lender was locally based and that was an asset in evaluating the asset and opportunity.”

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.