Village Creek Development Secures $19.5M Construction Loan For Homewood, AL Mixed-Use Development

Village Creek Development has secured $19.5 million in construction financing for a mixed-use development located at 195 Oxmoor Road in Homewood, Alabama. The development site has a total building square footage (BSF) of 98,000. The loan has been provided by River Bank & Trust, with Luke Kennedy acting as the lender's representative.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $19,500,000
• Address: 195 Oxmoor Road, Homewood, AL
• Market: Homewood, AL
• BSF: 98,000
• Lender: River Bank & Trust
• Lender's Representative: Luke Kennedy

Tom Walker, the landlord of Village Creek Development, has successfully secured the construction loan for this mixed-use development project. The financing will support the construction of the project, which aims to combine residential and commercial spaces in Homewood, Alabama.