NorthMarq Capital arranges acquisition financing for San Antonio, Texas office building
7540 Louis Pasteur Drive
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.”
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
