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FM 1462 Alvin

Updated Jun 30, 2025

Trez Capital Provides $58 Million Loan To W Land Development For Preservation Creek Development In Alvin
FINANCEDDevelopment Site

Trez Capital Provides $58 Million Loan To W Land Development For Preservation Creek Development In Alvin

$58,000,000

Building Size

—

Asset Type

Development Site

Closing

Jun 26, 2025

About this deal

AI

The asset involved in this transaction is a development site located at Fm 1462 & County Road 395 in Alvin. The financing amount for this project is $58,000,000, which will be utilized for infrastructure development for phase one of Preservation Creek, is a master-planned community in the Alvin market. The focus of this phase includes utilities, roads, and other site work.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $58,000,000
  • Lender: John D. Hutchinson - Trez Capital
  • Landlord: W Land Development

This deal is being facilitated by John D. Hutchinson from Trez Capital, representing the lender in providing the necessary financing. W Land Development is the landlord engaged in the project, tasked with the development of the community through the first phase, given the recapitalization of the project.

Players

Trez Capital
Trez CapitalLender
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Market Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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