Westcap
Walmart Neighborhood Market
San Antonio, TX
$6,800,000
Single Tenant
Q10 | Westcap arranged a 16-year fully amortizing loan with a fixed rate of 3.35% through a correspondent life insurance company for a single-tenant, newly completed Walmart Neighborhood Market in San Antonio, Texas. The lease term is scheduled to expire 1.5yrs before the loan term and the lender became comfortable with the loan based on the strong credit of Walmart and the borrower.