Updated Sep 28, 2026
Big V Property Group Secures $11 Million Acquisition And Construction Loan From First Bank For Development Site
Rosamond Parkway
$11,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 31, 2026
About this deal
AI
The property asset involved in the transaction is a development site located on Rosamond Parkway in the Anna market. The loan amount associated with this acquisition and construction loan is $11,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Lender: First Bank
- Borrower: Big V Property Group
- Loan Type: Acquisition & Construction Loan
- Asset Management: Manny Mendoza, Executive Director - Big V Property Group
- Asset Manager: Grant Swecker, Asset Manager - Big V Property Group
The key individuals involved in this transaction include Bryan Kallenberg, Vice President of Capital Markets of Big V Property Group, who commented on the tenant interest in Anna, highlighting its rapid growth in North Texas.
On the Map
$11,000,000
Development Site
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Players
Anna 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93