Stratus Properties closes $29.8M refinancing of Lantana Place retail property

STRATUS PROPERTIES INC

New $29.8M loan from Broadway National Bank, matures Feb 1, 2029; interest rate 6.83% then SOFR+2.35%.
Interest-only payments through Jan 31, 2026; thereafter principal & interest on 30-yr amortization.
Approx. $3.0M distributed to Stratus after repaying $25.7M of existing debt and $1.1M in costs/taxes.
Old loan with Southside Bank satisfied and terminated; new loan has lower rate and longer maturity.
Loan secured by 99,377-sf retail property within Stratus' Barton Creek mixed-use development.

item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.