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3603 Paesanos PkwySan Antonio, TX 78231
3603 Paesanos Pkwy
Asset ClassOffice
Loan Size$6.5 M
Non-Performing Loan Sale - Bids Due November 19th
overview of deal

Overview

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire a $6.5 Million non-performing senior mortgage loan (the “Loan”). The Loan offering provides an opportunity for a new note-holder to achieve attractive risk-adjusted returns through a new basis presenting multiple resolutions strategies. Moreover, the loan is secured by an attractive medical office building in the amenity-rich North Central Submarket.

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Investment Highlights

  • Maturity Defaulted Loan, Optimal Resolution Strategies: Benefit from prudent steps taken by Lender following Maturity Default.
  • Quality Location with Strong Demand Drivers: Positioned in a submarket with proven population growth and job growth that also benefits from nearby corporate headquarter campuses. Moreover, the improvements are exceptionally positioned within a medical office development benefitting from the booming San Antonio market.
  • Reset Basis Opportunity: The Loan’s outstanding balance per square-foot is well below comparable property sales and replacement cost.
  • Excellent Investment Opportunity: Well situated for medical user or multi-tenant lease-up strategy.
  • In-Place Cash Flow Provides a Base to Build Additional Value: Newer vintage medical office building in exceptional condition that has a solid base of income with over four-years of WALT.
  • Strong Micro Market: Office occupancy in the immediate area is strong at 88%, indicating the tenant demand for this area.
  • Attractive Risk Adjusted Return: Unique opportunity to invest in cash-flowing medical asset through a non-performing loan providing an attractive risk-adjusted return.
  • Location: Premier North Central location within minutes of the Loop 1604 and IH-10 and Hwy 281 interchanges and the city’s top retail destinations in the RIM and Shops at La Cantera.
3603 Paesanos PkwySan Antonio, TX 78231

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