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

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.