Recent Transactions

11 Jun, 2014

Motel Refinancing - Suffolk, Virginia
$705,500

Borrower acquired a loan to refinance a Super 8 Motel in Suffolk, Virginia. The borrower owns several motels and has over 30 years of experience in the hotel industry. Hotel lending is the primary specialization at State Bank of Texas.

4 Jun, 2014

Land Refinancing - Brooklyn, New York
$4,000,000

Borrower refinanced a land for a future development of Town Place Suites by Marriott. State Bank of Texas has provided the borrower with proposed loan terms for construction and permanent financing. Over the course of many years, similar loans were made to other borrowers across the country.

29 May, 2014

Land Acquisition - Brooklyn, New York
$12,350,000

Provided financing to purchase a land for future development of Residential & Retail complexes. The borrowers are experienced developers in the New York area. Developmental lending is another area in which State Bank of Texas specializes in and has extensive knowledge of the New York’s five boroughs real estate market.