Texas

George Smith Partners arranged the $6,037,500 acquisition loan for the purchase of an unanchored retail center in San Antonio, Texas. Market conditions were mitigated with long-term leases and an extensive history of stable cash flow. The largest tenant is a non-credit medical office user with multiple locations throughout the San Antonio area. Sized to 75% of the acquisition price, the ten year term offers two years of interest only before amortizing over 30 years for the duration of the term.