Updated Oct 29, 2024
Rastegar Property Company LLC Secures $4.6M Loan For Development Site In Kyle
700 Bunton Lane, Kyle, TX, USA
$4,600,000
$2,395/SF
Building Size
1,920 SF
Asset Type
Development Site
Closing
Jan 7, 2021
About this deal
AI
A senior fixed-rate loan of $4,600,000 has been secured for the development site located at 11708 McAngus Road and 700 Bunton Lane in Kyle. The loan transaction was facilitated by Ronald Granite and Elena Burgos of Eyzenberg & Company on behalf of Rastegar Property Company LLC.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,600,000
- Address: 11708 McAngus Road & 700 Bunton Lane, Kyle
- Market: Kyle
- Landlord: Rastegar Property Company LLC
- Brokers: Ronald Granite & Elena Burgos - Eyzenberg & Company
The financing, provided in the form of a senior fixed-rate loan, enables further progress on the development site in Kyle. This transaction is a significant step forward for Rastegar Property Company LLC, as they continue to enhance their real estate portfolio in Kyle's market.
On the Map
$4,600,000
$2,395/SF
Development Site
View full map
Players
Kyle Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Visit Ronald (Ron) Granite to view all their deals.
Browse Texas development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93