Stratus subsidiary amends construction loan, extends maturity to Oct 2027 and adds $1.5M

STRATUS PROPERTIES INC

The Saint June 182-unit Austin multifamily project loan amended: maturity extended to Oct 2, 2027.
Outstanding principal increased by $1.5M to $32.9M; interest rate margin reduced from 2.35% to 2.00%.
Monthly principal payments eliminated; new minimum debt yield covenant (≥8%) replaces DSCR covenant.
Partnership may distribute up to $1.5M to partners; Stratus's 50% guaranty remains in effect.
Stratus required to open $5M deposit account with Texas Capital Bank as part of amendment.

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