Recent Transactions

10 Dec, 2013

Land Development - Brooklyn, NY
$7,700,000

This was a land deal in the heart of Brooklyn zoned for residential and commercial usage.  Although SBT specializes in the lodging industry there are other areas of lending we are involved in.  The five boroughs of New York are areas in which we have vast knowledge of that we feel very comfortable lending in.

13 Aug, 2013

New Construction SBA 504 - Hampton Inn - Prensacola, FL
$5,600,000

A hotel development group out of Florida was in need of a construction loan in the booming market of Pensacola, Florida.  Hilton had strict deadlines that were needing to be met and required work gets started in the very near future.  When most banks, even in the local market, were unable to do such a deal in a timely manner we immediately stepped in.  Even though we are based out Dallas, Texas, State Bank of Texas lends in all markets around the entire nation.

30 Sep, 2012

Acquisition - La Quinta – Brooklyn, NY
$6,500,000

SBT provided original construction financing for this 72-unit La Quinta Inn in Brooklyn, NY. Soon after the hotel opened Borrowers sold the property to reputable hoteliers that were also existing borrowers of State Bank of Texas. Through that existing relationship and economics of the deal, SBT provided acquisition financing for the new buyers. We have loans in 22 different states.