Landmark Companies Secures $37 Million Construction Loan From Wayne Anderson At Anchor Loans

The transaction involves a land asset located at 1100 County Road 145 in the Jarrell market, comprising 9,583,000 square feet. The loan granted for this development is $37,000,000, intended for a construction loan. This financing supports a sizable residential development project with over 750 lots known as Landmark at Theon, situated in a growth corridor in Central Texas.

Summary of transation details:

• Property Type: Land
• Transaction Amount: $37,000,000
• Address: 1100 County Road 145
• Market: Jarrell
• Asset Size: 9,583,000 SF
• Lender: Wayne Anderson - Anchor Loans
• Borrower: Landmark Companies
• Brokers: Michael Lohan & Luke Burns - Nineteen Blocks
• Loan Type: Construction

Nineteen Blocks served as the debt advisor for this transaction, facilitating the structuring and placement of the financing, which is secured to institutional homebuilders for a methodical phased delivery approach for the project.