Schelin Uldricks & Co arranged a $10,387,000 loan to refinance and stabilize Olmos Creek Shopping Center, a 102,254 square foot retail center in suburban San Antonio, Texas. The new financing enables the property owners to pay off their maturing debt and provides more time to execute key leases and stabilize the property.

“Commercial real estate backed by retail tenants is more challenging to finance in the current state of markets, especially shopping centers that are not anchored by grocery stores,”  said Ethan Schelin, “Most lenders have significantly pulled back on their proceeds or have exited the market entirely due to uncertainty in the capital markets and robust inflation. Despite the challenging markets, we found a debt fund that was isolated from many of these challenges and executed the loan for our client.”

Built between 1996 and 2004 ,The property is leased to a mix of tenants that include a fitness center, family fun park, dollar store, and several inline restaurants and retailers.