Parkview Capital Credit Avoids Lone Star Brewery Default

The abandoned, graffiti-covered Lone Star Brewery on San Antonio’s south side has been in a world of hurt since a planned $300 million redevelopment plan fell through in summer 2017. But for once, the news about the property at 600 Lone Star Blvd. is good.  Owner Parkview Capital Credit has avoided a foreclosure sale of the 32-acre brewery by securing a loan from BridgeInvest.

BridgeInvest, headquartered in Miami, FL, specializes in short-term financing. What it means for Parkview Capital Credit is that the property, which was scheduled yet again to be sold on the steps of the Bexar Couty Courthouse on March 6, 2018 to pay off debt owed to lender NCC, didn’t happen. Instead, the $11-million loan means everything is paid off.

According to Texas Commercial Mortgage’s Michael Reinhard, who assisted with the refi, the owner wants to get the brewery development restarted once again.

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