Latest Transaction


Location

San Antonio, TX

Property Type

Office Building

Loan Type

Refinance

Loan Program

Short-Term Bride Loan

Amount

$5,000,000

Need:

COVID related issues caused delays in executing the lease-up plan despite the dynamic office market.

Solution:

VCREF provided the borrower with flexibility by increasing the loan amount to capitalize the higher TI/LC cost estimate.  With favorable market metrics and sufficient capital, the borrower is well-positioned to attract top office tenants in this iconic building.

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