HALL Structured Finance Provides $58.9M Construction Loan For XAG Group Development Site In Magnolia

The asset involved is a development site located at 39899 Mill Creek Road in Magnolia, Texas. The site is part of the 3,000-acre Audubon development and will host a 326-unit multifamily project. The construction loan for the project amounts to $58,900,000 and is designated for construction purposes, featuring garden-style buildings and upscale unit finishes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $58,900,000
• Lender: Brad Ferguson - HALL Structured Finance
• Landlord: Nathaliah Naipaul - XAG Group
• Broker: Cullen Atchison - The Houston Group Realty Advisors
• Market: Magnolia

The transaction features key contributions from HALL Structured Finance, which provided the $58.9M construction loan, facilitating the project developed by XAG Group. Cullen Atchison from The Houston Group Realty Advisors acted in a brokerage capacity for this deal.