Stratus Properties subsidiary amends $32.3M construction loan for The Saint June, extends maturity to Oct 2025

STRATUS PROPERTIES INC

Loan commitment increased by $2M to $32.3M; maturity extended to Oct 2, 2025.
Interest rate margin reduced from 2.85% to 2.35% (floating SOFR + 2.35%, floor 3.50%).
Exit fee of 1.0% on prepayments and repayments; monthly P&I ~$40,000.
Stratus guarantees loan; borrower is 34.13%-owned subsidiary The Saint June, L.P.
Proceeds used for operating reserves and repayment of partnership operating loans.

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