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Creekstone Companies Secures $22.3 Million Construction Loan For Development Site In Spring

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FINANCED
$22,300,000

Texas

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Development Site139,952 SF
Financed 05/14/2025
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Property Image
FINANCED

Creekstone Companies Secures $22.3 Million Construction Loan For Development Site In Spring

6130 Auburn Lakes Drive

See Similar Deals
Development Site139,952 SF
Financed 05/14/2025
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Development Site
Price Per Square Foot:$159
Total Square Footage:139,952 SF
Transaction Type:Loan

The asset involved in this transaction is a development site located at 6130 Auburn Lakes Drive in Spring, encompassing a square footage of 139,952. The loan amount for this transaction is $22,300,000, utilized for construction purposes.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $22,300,000
  • Lender: Jonathan Lewis - JLJ Capital
  • Landlord: Creekstone Companies
  • Sponsor: Creekstone and AOG Living
  • Loan Type: Construction

Key individuals in this transaction include Jonathan Lewis, serving as the lender, and the partnership of Creekstone Companies and AOG Living as the sponsors. Their roles contribute to the financial structuring and development potential of the site.

Players

JLJ Capital
JLJ Capital
LENDER
JLJ Capital
JLJ Capital
ORIGINATOR

Details

FINANCED
IMAGE: Jonathan Lewis DATE: 5/15/2025 ADDRESS: 6130 Auburn Lakes Drive MARKET: Spring ASSET TYPE: Development Site ~ SF: 139,952 LENDER: Jonathan Lewis - JLJ Capital (@JLJCapital) LANDLORD: Creekstone Companies SPONSOR: Creekstone and AOG Living LOAN AMOUNT: $22,300,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$22,300,000.00

Monthly NOI$148,666.67
Monthly Debt Service$140,951.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00