Valley Bank Provides $17.9 Million Development Loan For Retail Property In Anna Texas

The property asset involved in the transaction is a retail space located at 2549 Rosamond Parkway in Anna, TX. It has a total square footage of 175,000 and is valued in the context of a development loan. The loan amount secured for this property is $17,900,000, with the loan terms structured as 3+1+1.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,900,000
• Loan Type: Development
• Loan Terms: 3+1+1
• Lender: Valley Bank
• Landlord: Jeff Rosenberg & Kenton McKeehan - Big V Property Group
• Landlord's Representative: Bryan Kallenberg

The deal involves significant players in the real estate and finance sector, with Jeff Rosenberg and Kenton McKeehan representing the landlord through their firm, Big V Property Group. Bryan Kallenberg serves as the landlord's representative in the transaction, facilitating the agreement with Valley Bank as the lender for the development loan.