SAN ANTONIO, TEXAS (June 1, 2020) – Bryan Leonard, Senior Vice President/Managing Director of NorthMarq’s San Antonio office recently arranged refinancing in the amount of $15.3 million for The Atrium office building. The 132,113 sq. ft. office property is located at 85 NE Loop 410 in San Antonio, Texas. The transaction was structured with a 10-year term on a 30-year amortization schedule. NorthMarq arranged financing for the borrower, a repeat local client, through its relationship with Goldman Sach’s CMBS lending platform.
According to Leonard, “This transaction really exemplifies what we mean when we talk about focusing on relationships. This was a repeat transaction by the parties involved and because of the relationships and project economics, the terms and execution could not have been any better. It was truly a win for everyone involved.”
The Atrium is well located near the San Antonio International Airport. This location and highway infrastructure make access very good and boasts area amenities like North Star Mall and numerous popular restaurants, entertainment and lodging venues.