$9MM Land Recapitalization | Austin & Kyle, TX

Structured and arranged a cross-collateralized fixed-rate bridge loan to fund predevelopment costs on two land parcels intended for an industrial distribution center and single-family homes in Austin and Kyle, TX.  

Challenges

Client acquired the land in two separate, all-cash transactions and wanted to finance pre-development costs bast on current market value. The financing market was challenging for product type, especially without a confirmed timeline for payoff.

$9MM Land Recapitalization | Austin & Kyle, TX

Solutions

Identified a lender who had local presence and was familiar with the locations. Provided strong market data supporting the projects’ potential for future uses, pointing to recent Amazon and Tesla announcements. The client demonstrated a strong balance sheet as well as progress with the proposed projects, making the lender comfortable with the leverage to fund the pre-development request.

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