Updated Sep 21, 2026
Forman Capital Provides $28.2 Million Loan For 253-Acre Development Site In Marble Falls
$28,204,026
Building Size
—
Asset Type
Development Site
Closing
Jun 26, 2026
About this deal
AI
A loan of $28,204,026 has been provided for a 253-acre development site located at Manzano Mile at FM 1431 in Marble Falls, TX. This mixed-use project, known as The Highlands, will incorporate single-family homes, apartments, and retail spaces. The financing is aimed at supporting horizontal infrastructure development, with vertical construction anticipated to commence in the fall.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $28,204,026
- Address: Manzano Mile at FM 1431
- Market: Marble Falls, TX
- Lender: Scott Mehlman, Ty Regnier, Brett Forman & Ben Jacobson - Forman Capital
This transaction involves Forman Capital, which has provided the loan for the development. The key individuals behind this financing include Scott Mehlman, Ty Regnier, Brett Forman, and Ben Jacobson, who are instrumental in facilitating the funding for Rockspring's project.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Browse Texas development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93