|Loan Type||Term & Rate Refinance|
|Property Type||Urban-Infill Mixed-Use Development|
|Location||San Antonio, Texas|
Special Conditions & Comments
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.