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Get filing alertsStratus subsidiary secures $9.9M loan increase, extends maturity to Aug 2027 for development
Filed June 12, 2026 · Period ending June 8, 2026 · ~1 min read
Key Changes
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Construction loan commitment increased by $9.9M to $36.0M total to fund Holden Hills Phase 1 residential and infrastructure development, with $12.8M still available for draws.
Item 1.01 verify on EDGAR → -
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Loan maturity extended to August 8, 2027, providing additional time to complete the Phase 1 development project before repayment is due.
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Interest rate set at one-month Term SOFR (0.50% floor) plus 3.00%, with overall 3.50% floor, formalizing pricing for the construction financing.
Item 1.01 verify on EDGAR → -
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As of June 10, 2026, outstanding principal balance stands at $12.6M, indicating project is approximately $9.9 million halfway through available financing capacity.
Item 1.01 verify on EDGAR →
Summary
Stratus Properties' subsidiary partnership secured favorable amendments to its Holden Hills construction loan, increasing available capital by $9.9 million to $36.0 million total and extending the maturity date by over a year to August 2027. The additional funding and extended timeline provide the partnership with greater financial flexibility to complete its Phase 1 residential and infrastructure development project. For retail investors, this signals continued progress on a key development asset while managing construction financing risk.
The partnership has drawn roughly half the available loan ($12.6M of ~$25.4M capacity after the increase), suggesting the project is actively advancing. The interest rate structure—Term SOFR plus 3.00% with a 3.50% floor—is relatively standard for construction lending in the current rate environment. Watch for updates on development milestones at Holden Hills Phase 1 and whether the partnership draws the remaining $12.8M in available financing as construction progresses toward the August 2027 maturity date.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 12, 2026 · How we verify