Office
Debt & Equity

NorthMarq Capital arranges $18.25 million refinance of Concord Park II in San Antonio, Texas

SAN ANTONIO (November 19, 2014) – Bryan Leonard, managing director of NorthMarq Capital’s San Antonio based regional office arranged the $18.25 million refinance of Concord Park II, a 121,698 sq.ft. office property located at 401 E. Sonterra Boulevard in San Antonio, Texas. The transaction was structured with a 7-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with the life insurance company, AIG. The high quality property contains a credit oriented group of tenants that is unique to San Antonio. They include: Baker Hughes, Microsoft, Weatherford, Liberty Mutual and Raymond James. “AIG offered a great execution at a historically low interest rate for this institutional, credit oriented class “A” office asset owned by one of the area’s top development groups that enabled them to replace construction financing with longer term fixed-rate non-recourse financing,” said Leonard.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

60b09c54-2fd5-438c-a9b2-b707c70f9ad4
Concord Park II
Debt
$18,250,000