Placed just north of Mobile, Alabama, this project finances the acquisition and development of a 115-acre site located in Saraland, AL, entitled for 207 single family lots to be developed in three phases. Saraland’s convenient location near major highways and Mobile's urban center makes it a desirable place to live for those seeking a quieter lifestyle with easy access to city amenities. The acquisition and development loan was finalized in May 2024.
May 2024
207
$9,900,000
