Guaranty Bank & Trust NA Provides $3.25M Land Loan For Development Site In Buda, TX
FINANCED
$3,250,000
Texas
See Similar DealsDevelopment Site1,280,272 SF
Financed 10/06/2023
FINANCED
Guaranty Bank & Trust NA Provides $3.25M Land Loan For Development Site In Buda, TX
Development Site1,280,272 SF
Financed 10/06/2023
Summary
Asset Type:Development Site
Price Per Square Foot:$2
Total Square Footage:1,280,272 SF
Transaction Type:Loan
A development site located at 1400 Hillside Terrace in Buda, TX has been involved in a loan transaction. The property spans a square footage of 1,280,272 and is categorized as a development site. The loan amount secured for this transaction is $3,250,000, provided by Guaranty Bank & Trust NA. The loan type is specifically a Land Loan.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,250,000
- Address: 1400 Hillside Terrace, Buda, TX
- Market: Buda, TX
- Lender: Guaranty Bank & Trust NA
- Landlord: Lakshmi Chilamkurty
- Brokers: Brian Anderson & Eddie Miro - Progress Capital
The loan transaction involving the development site at 1400 Hillside Terrace was facilitated by Brian Anderson and Eddie Miro, representing Progress Capital. As the lender, Guaranty Bank & Trust NA played a key role in providing the loan amount of $3,250,000. The landlord of the property is Lakshmi Chilamkurty, who was involved in the transaction as well.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,250,000.00
Monthly NOI$21,666.67
Monthly Debt Service$20,542.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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