Magnolia Springs Associates
New Braunfels, Texas
K&S Magnolia Springs I, LP - 2006
Project Currently Under Development

Partners
Edward Kalikow & Eugene Shalik
James Kerby

Bank - First Texas Continental Investment Co., Ltd. -- $5,106,000
(Acquisition & Development Loan)

Property Information
Acquisition of 142 acres located in Comal County in the New Braunfels area of San Antonio, Texas and to be subdivided and developed into 545 improved residential building lots. The Developer has entered into a sales contract with Newmark Homes and Highland Homes for the sale of all 545 lots.

Equity Raised - $3,150,000

Progress Photos (64K)