Richmond Ridge Townhomes

In 2021 post pandemic commercial mortgage rates hit an all-time low, which prompted the borrower to take advantage of this historically low interest rate of 3.50% offered by a national credit union.

Loan terms were 75% LTV, fixed rate for 10 years (balloon of 10 years) and 30-year amortization.  As with most credit unions this loan has no early prepayment penalty.  Escrows for property taxes and insurance were not required either, which gave the borrower even more control over his cash flow.

Lone Star Brewery District

The new Lone Star Brewery financing was an interim development loan used to payoff an existing loan that had matured in 2017.  The term of the new loan was for 2 years, interest only with an option to extend for an additional 6 months.

The collateral for the new loan is the historic site of the former Lone Star Brewery and Cannery situated on 32.02 acres of land just south of the downtown San Antonio River Walk.  The Lone Star Brewery District is a redevelopment project that when completed will be a $300 million mixed-use development comprised of 156,540 SF of office space, 87,164 SF of retail, a 34,645 SF cinema, 40,059 SF of entertainment venues, 46,834 SF of restaurant space, 22,521 SF of open market space, 135 room boutique hotel, 750 luxury apartment homes and a amphitheater.




Midway Plaza

4.0% fixed rate for 5 years then resets at market for another 5 years with a balloon payment after 10 years; no prepayment penalty and no monthly escrows.