FINANCED
OM Properties Secures $20M Construction Loan For The Preserve Development, Georgetown
3701 Texas Highway 29
Development Site
50,700 SF
50,700 SF
Financed 16 days ago
Summary
Loan
TEXAS
Development Site
50,700 sqft
The $20 million construction loan was granted by Jefferson Bank for Phase I of The Preserve, a mixed-use development in Georgetown, Texas. The project will consist of two industrial flex buildings, two retail buildings, and one office building totaling 50,700 square feet.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,000,000
- Address: 3701 Texas Highway 29
- Market: Georgetown
- Lender: Jefferson Bank
- Landlord: Vipul Gopani - OM Properties
- Loan Type: Construction Loan
Locally based developer OM Properties will oversee the construction of The Preserve project. The loan is anticipated to support the development of the industrial flex, retail, and office buildings over the next 18 to 24 months.
Details
FINANCED
IMAGE: 04/19/2024
ADDRESS: 3701 Texas Highway 29
MARKET: Georgetown
ASSET TYPE: Development Site ~ SF: 50,700
LENDER: Jefferson Bank
LANDLORD: Vipul Gopani - OM Properties
LOAN AMOUNT: $20,000,000
LOAN TYPE: Construction Loan
NOTE: Jefferson Bank, headquartered in San Antonio, has granted a $20 million construction loan for Phase I of The Preserve, a mixed-use development in Georgetown, Texas. Locally based developer OM Properties will oversee the construction of two industrial flex buildings, two retail buildings, and one office building totaling 50,700 square feet, with the project anticipated to span 18 to 24 months.View on map
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Address3701 Texas Highway 29
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