An 1831 acre master planned community surrounding the brand new Texas A&M University San Antonio (TAMUS) had been tied up in litigation for 7 years. The owners acquired a hard money loan and needed a quick sale for $26.5M. We purchased the note for $13M at 10% interest for a 6 month term, with the hopes of reselling the property for twice what we paid (doubling investor returns in just a few months). The owners were able to pay off our loan, and our investors earned the 10% interest.
San Antonio, Texas
Status: Completed Projects