Rastegar Property Company Secures $31.7M Construction Loan From Trez Capital For Infinity Square Project

The property asset involved in this transaction is a development site located at 700-800 Bunton Lane in Kyle, Texas, encompassing an area of 318 acres. The project is set to host 329 single-family rental homes as part of its first phase. This community is strategically situated between Austin and San Antonio and is part of the larger Infinity Square project, which will ultimately include 1,000 single-family rental homes and 1,400 apartments, along with 185,000 square feet of commercial space and an elementary school.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $31,700,000
• Lender: John Hutchinson - Trez Capital
• Landlord: Ari Rastegar - Rastegar Property Company
• Loan Type: Construction
• Market: Kyle
• Acreage: 318

Key individuals in this transaction include John Hutchinson, representing Trez Capital, which provided the funding, and Ari Rastegar, representing Rastegar Property Company, which secured the loan. Their collaboration is crucial for the advancement of the Infinity Square project, marking a significant step in the development of this expansive community.