Park North
A retail property in San Antonio, Texas. Securitized in 1 CMBS deal in 2026.
$121.6MAppraised value (latest deal)
92.3%Occupancy
$9.4MUnderwritten NOI
7.8%Implied cap rate
- Address
- 842 Northwest Loop 410, San Antonio, TX 78216
- Property type
- Retail · Anchored
- Year built
- 2008
- Size
- 635,325 SF
- Sponsor
- Dhanani Private Equity Group
- Loan purpose
- Acquisition
- Largest tenant
- Target
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK5 2026-5YR20 | 2026-02-09 | $121.6M | 92.3% | $9.4M | 7.8% | $83.4M | 68.6% | 1.72x | 424B |
Historical NOI reported in BANK5 2026-5YR20
| Period ending | NOI |
|---|---|
| 10/31/2025 | $8.3M |
| 12/31/2024 | $7.5M |
| 12/31/2023 | $6.8M |
More CMBS properties in Texas →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.