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

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FINANCED
$37,056,322

Texas

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Development Site
Financed 12/18/2025
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FINANCED

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

21711 Farm To Market 1093 Road

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Development Site
Financed 12/18/2025
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Summary

TEXAS
Asset Type:Development Site
Transaction Type:Loan

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:

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.

Players

Ben Jacobson
6 deals$217M volume
LENDER

Brett Forman
Forman Capital
7 deals$242.8M volume
LENDER

Scott Mehlman
Forman Capital
7 deals$242.8M volume
LENDER

Forman Capital
LENDER

Details

FINANCED
IMAGE: Scott Mehlman, Ben Jacobson & Brett Forman DATE: 12/18/2025 ADDRESS: 21711 Farm to Market 1093 Road MARKET: Houston ASSET TYPE: Development Site ~ BSF: 87,244 LENDER: Scott Mehlman (@ScottMehlman), Ben Jacobson (@BenjaminJacobsonfl) & Brett Forman (@BrettdForman) - Forman Capital (@FormanCapital) DEVELOPER: Bobby Ferguson & Corey Ferguson LOAN AMOUNT: $37,056,322 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$37,056,322.00

Monthly NOI$247,042.15
Monthly Debt Service$234,221.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00