Posted on by in Office, Texas

SAN ANTONIO — Oak Brook, Ill.-based Inland Mortgage Capital Corp. has provided a $10.35 million acquisition loan for a three-building office park located in San Antonio. North Park Corporate Center Phase II is situated on 7.35 acres at 17319 San Pedro Ave. in the city’s Hollywood Park neighborhood. The three buildings total 86,400 square feet of leaseable space. The financing is an interest-only, floating-rate, first-mortgage bridge loan with a 76 percent loan-to-value ratio. The undisclosed borrower will use the financing to acquire the property and lease the remaining space. The property was 75 percent occupied at the time of closing. Leslie Lundin of Inland originated the loan.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter

Webinars on Demand

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties