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 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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
