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Transaction Details

Land Acquisition Loan


Lockhart, Texas

  • Loan Amount: $7,610,884
  • LTC: 65%
  • Project Type: Land Acquisition
  • Term: 2+1 Year

Transaction Overview

StackSource recently arranged financing for a key piece of land consisting of 250 acres in Lockhart, Texas. The sponsor plans to entitle and develop the land for a 1,107 single-family home community. The sponsor is building in this specific area is due to the critical shortage of housing and immediate need to bring build-ready lots to builders in the area. StackSource Senior Managing Director Beth Mercante secured this senior debt with an LTC of 65% and a 2+1 year term.

MBP specializes in debt and equity placement for all asset classes. Our extensive network of unique capital sources in development and permanent financing and extensive capital markets knowledge allows us to tackle a wide variety of transactions, regardless of complexity or size, to benefit our clients.

MBP has a team of dedicated and experienced finance professionals with you at every step. We are consistently improving and expanding our capital market relationships and are committed to exceeding our client's expectations through these relationships, innovative solutions, and outstanding work ethic.

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