Rastegar Property Company LLC Secures $4.6M Loan For Development Site In Kyle
FINANCED
$4,600,000
Texas
See Similar DealsDevelopment Site1,920 SF
Financed 01/08/2021
FINANCED
Rastegar Property Company LLC Secures $4.6M Loan For Development Site In Kyle
700 Bunton Lane, Kyle, TX, USA
See Similar DealsDevelopment Site1,920 SF
Financed 01/08/2021
Summary
TEXAS
Asset Type:Development Site
Price Per Square Foot:$2,395
Total Square Footage:1,920 SF
Transaction Type:Loan
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.
Players
BROKERAGE
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,600,000.00
Monthly NOI$30,666.67
Monthly Debt Service$29,075.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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