Loan & DebtJun 12, 2026, 04:16 PM
Stratus Properties Subsidiary Secures $36M Construction Loan Increase
AI Summary
Stratus Properties Inc. announced that its 50% owned subsidiary, Holden Hills, L.P., entered into a Third Modification Agreement to its construction loan. The agreement extends the maturity date to August 8, 2027, and increases the total loan commitment by approximately $9.9 million to $36.0 million. The loan is secured by the Holden Hills Phase 1 project and finances development improvements. As of June 10, 2026, approximately $12.6 million was outstanding, with $12.8 million still available for advances.
Key Highlights
- Stratus Properties Inc. subsidiary Holden Hills, L.P. amended its construction loan agreement.
- The loan's principal amount increased by $9.9 million to a new total commitment of $36.0 million.
- The loan maturity date was extended to August 8, 2027.
- The interest rate is set at one-month Term SOFR plus 3.00%, with a floor of 3.50%.
- As of June 10, 2026, the outstanding principal balance was approximately $12.6 million, with $12.8 million remaining available.
Price Impact
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