Northwest Atrium owner borrows $8.5M against San Antonio office

The owner of the Northwest Atrium office building at 11550 IH-10 West borrowed $8.5 million from Continental Casualty Company, an insurance unit of CNA Financial, in a deed of trust recorded in Bexar County on Oct. 28, 2026. The borrower of record is WS NW Atrium LLC.

Why it matters

The lender is the detail worth noting. Continental Casualty is an insurance company, not a bank, and insurance balance sheets lending directly against a San Antonio suburban office asset shows where some office debt is coming from as banks pull back from the sector. The county index shows no sale recorded alongside the loan, so the filing reads as new financing on an asset the owner already holds rather than an acquisition.

For San Antonio office owners along the IH-10 West corridor, a recorded $8.5 million loan is also a usable comparable when sizing their own refinancing.

The numbers

• Loan: $8.5 million deed of trust, recorded Oct. 28, 2026, per the Bexar County Clerk’s index.
• Borrower: WS NW Atrium LLC.
• Lender: Continental Casualty Company.
• Building: about 93,540 sq ft across three stories, built in 1985, according to its CommercialSearch listing.
• Loan per sq ft: roughly $91, on the listed building size.

The filing does not state an interest rate or maturity date.

What’s next

The building’s listing advertises available suites of roughly 1,200 to 3,000 sq ft with immediate occupancy, so leasing is the near-term test of the loan. The next public markers on this address would be a recorded release, assignment or modification of this deed of trust, or a sale. The American Developer will track the Bexar County index for any follow-on filing tied to the building or to WS NW Atrium LLC.

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