Sgb development corp. issues real estate lien note on lago vista site

New york--(business wire)--sg blocks, inc. (nasdaq: sgbx) (“sg blocks” or the “company”), a leading designer, innovator and fabricator of modular structures, announced today that sgb development corp., a subsidiary of sg blocks, inc. executed a real estate lien note in the principal amount for $2,000,000 on its 50+ acre lago vista project, located outside of the greater austin, texas area. the net loan proceeds, after fees, are $1,958,233, and will be used for growth capital for sgb development
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