Valley Bank Provides $17.9 Million Development Loan For Retail Property In Anna Texas
Texas
See Similar DealsValley Bank Provides $17.9 Million Development Loan For Retail Property In Anna Texas
West Rosamond Parkway
See Similar DealsSummary
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.
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