Bobby Ferguson & Corey Ferguson Secure $37.06M Construction Loan For Development Site In Houston

The property asset involved in this transaction is a development site located at 21711 Farm to Market 1093 Road in the Houston market. The asset has a buildable square footage of 87,244. A construction loan amounting to $37,056,322 was secured for this development project.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $37,056,322
• Address: 21711 Farm to Market 1093 Road
• Market: Houston
• Asset Type: Development Site
• Buildable Square Footage: 87,244
• Lender: Scott Mehlman, Ben Jacobson & Brett Forman - Forman Capital
• Developers: Bobby Ferguson & Corey Ferguson
• Loan Type: Construction

This transaction involved key individuals, including Scott Mehlman, Ben Jacobson, and Brett Forman, who represent Forman Capital as the lenders. The development is overseen by developers Bobby Ferguson and Corey Ferguson, who are responsible for managing the project. Their combined efforts contribute to the execution of this construction loan for the specified development site.