Location: Katy, TX

Loan Amount: $3,000,000

Interest Rate: 5.00%

Term/Amortization: 12-Month / Interest Only

Loan to Cost: 55%

Purpose:  The loan was used to acquire a 6.14-acre property located in Katy, TX. The proposed property will eventually be developed in to a 26,000 SF retail center on one parcel and the other parcel is still in the planning stages.