May 21, 2015

NorthMarq Capital arranges $16.4 million refinance of The Terrace at Concord Park in San Antonio, Texas

The Terrace at Concord Park

Debt & Equity

Multi-Tenant

SAN ANTONIO (May 21, 2015) – Bryan Leonard, managing director of NorthMarq Capital’s San Antonio based regional office secured the $16.4 million refinance of The Terrace at Concord Park, a 161,563 sq.ft. office property located at 607 & 777 E. Sonterra Boulevard in San Antonio, Texas. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with Nationwide. The property has a high quality, credit-orientated group of tenants that is unique to the San Antonio area. Major tenants on the property include: State Farm, Wells Fargo, Schlumberger and Ryland Homes. “Nationwide offered an efficient execution at a historically low interest rate for this institutional, credit-orientated class “A” office asset owned by one of the area’s top development groups,” said Leonard. “This enabled them to refinance early to take advantage of low rates with long-term fixed rate non-recourse financing.”

Available Office properties

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.