|
 Participating
Loan on 2,700 Acres
of Gulf Coast
Bolivar Peninsula,
TX
PNL provided
Provident Realty
financing to acquire
the Cade Ranch.
This property has
nearly three miles
of frontage on the
Texas Gulf Coast and
is only 90 minutes
from downtown
Houston. Our plan
is to get the
property entitled
for a luxury
residential
development on
approximately 600
acres. The
remainder of the
tract is wetlands
which will likely be
placed in
conservation use.
216,600 Square Foot
High-Tech
Corporate/Industrial
Building
Corinth, TX
PNL acted as lender
and joint venture
partner in the
purchase of this
vacant 216,000
office-industrial
building located
approximately 30
miles northwest of
downtown Dallas.
Boeing had built
this property to a very
high standard with
custom HVAC and
other high-tech
features. PNL and
its partner were
attracted by the
substantial excess
land in this
high-growth
corridor. The
property is
currently being
subdivided for
multiple office and
industrial users.
 $8,700,000
Bridge Loan on 278
Acres
Frisco, TX
PNL funded a bridge
loan to provide the
land owner liquidity
pending takedown of
this tract by a
major national
mixed-use
developer. This
property was located
at the intersection
of the pending
extension of the
North Dallas Tollway
and Highway 380.
 $14MM
Joint Venture on 131
Acres of Prime
Commercial Land
Newnan, GA
PNL provided 95% of
the total debt and
equity capital
required to acquire
these commercial
acres and took a
majority equity
position. The
transaction offered
substantial upside
because of a
favorable buyout
price from the
existing partners
and the excellent
infill location of
the property.
 First
Mortgage Loan on 38
Acres
Portland, TX
This was one of a
number of related
non-participating
loans to a regular
borrower. This
particular parcel
has frontage on
Corpus Christi Bay
and is being
developed into
high-end home sites
with golf course
frontage.
 Mezzanine
Loan on 116 Acres of
an Underdeveloped
Subdivision
Pearland, TX
PNL funded a
mezzanine loan
secured by a second
lien on an
undeveloped property
located in a suburb
of Houston. The
property is part of
a larger,
established
subdivision and is
to be developed into
354 single family
lots.
 Debt
& Joint Venture
Equity for a 2,000
Lot Residential
Development
Katy, TX
PNL funded a first
mortgage, mezzanine
loan and a majority
portion of the
equity to acquire
this 750 acre
residential tract.
This joint venture
was made with an
experienced
development partner
that has since
secured the
drainage, formed a
MUD, and completed
all engineering,
design and land
planning to ready
the site for
development. |
