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Empire Group Secures $58 Million Construction Loan For Development Site In San Marcos

Property Image
FINANCED
$58,000,000
Kyle McDonough
George Maravilla

Texas

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Development Site
Financed 03/18/2025
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Property Image
FINANCED

Empire Group Secures $58 Million Construction Loan For Development Site In San Marcos

Development Site
Financed 03/18/2025
Kyle McDonough
George Maravilla
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Loan

The asset involved in this transaction is a development site located on Center Point Road in the San Marcos market. A construction loan of $58,000,000.00 was secured for this property.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $58,000,000.00
  • Loan Type: Construction
  • Loan Date: 03/18/2025
  • Landlord: The Empire Group
  • Brokers: Kyle McDonough (Tower Capital), George Maravilla (Tower Capital)

Kyle McDonough and George Maravilla from Tower Capital represented the transaction on behalf of The Empire Group, the landlord for the development site. Their involvement highlights the brokerage support in executing this significant financial deal.

Players

Kyle McDonough
Tower Capital
Kyle McDonough
11 deals$471M volume
BROKER
George Maravilla
Tower Capital
George Maravilla
6 deals$398.7M volume
BROKER

Details

FINANCED
IMAGE: George Maravilla & Kyle McDonough DATE: 03/18/2025 ADDRESS: I-35 & Center Point Road MARKET: San Marcos ASSET TYPE: Development Site LANDLORD: The Empire Group BROKERS: George Maravilla (@G_Maravilla) & Kyle McDonough (@G_Maravilla) - Tower Capital (@Tower_Capital_LLC) LOAN AMOUNT: $58,000,000 LOAN TYPE: Construction NOTE: Tower Capital arranged a $58 million construction loan for The Empire Group’s 270-unit build-to-rent project, Village at Centerpoint Station, in San Marcos, TX. The 24-acre community will feature 1,047-square-foot homes with private patios, plus amenities like a pool, fitness center, and walking paths.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$58,000,000.00

Monthly NOI$386,666.67
Monthly Debt Service$366,599.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00