Guaranty Bank & Trust NA Provides $3.25M Land Loan For Development Site In Buda, TX
$3,250,000
$2/SF
Building Size
1,280,272 SF
Asset Type
Development Site
Closing
Oct 6, 2023
AI
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
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93