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Debt
 3 Months Ended
Mar. 31, 2020
Capitalization, Long-term Debt and Equity [Abstract]  
Debt DEBT
The components of Stratus' debt are as follows (in thousands):
 March 31, 2020December 31, 2019
Goldman Sachs loan$140,643  $141,184  
The Santal loan74,065  73,972  
Comerica Bank credit facility49,300  42,482  
New Caney land loan4,918  4,908  
Construction loans:
Kingwood Place26,983  23,991  
The Saint Mary
24,991  21,857  
Lantana Place
23,283  23,268  
Jones Crossing
21,669  21,354  
West Killeen Market
7,211  7,213  
Amarra Villas credit facility5  5,520  
Total debta
$373,068  $365,749  
a.Includes net reductions for unamortized debt issuance costs of $3.1 million at March 31, 2020, and $3.5 million at December 31, 2019.


As of March 31, 2020, Stratus had $10.6 million available under its $60.0 million Comerica Bank credit facility, with $150 thousand of letters of credit committed against the credit facility. Effective April 14, 2020, Stratus and Comerica Bank agreed to modify the Comerica Bank credit facility to (i) extend the maturity date of the credit facility from June 29, 2020, to September 27, 2020, and (ii) revise the definition of LIBOR to provide for an increase in the LIBOR floor from zero percent to one percent. On June 12, 2020, the Company entered into a further amendment to its credit facility agreement with Comerica Bank to extend the maturity date of the facility to September 27, 2022. As of June 12, 2020, Stratus had $25.0 million available under its $60.0 million Comerica Bank credit facility, with $150 thousand of letters of credit committed against the credit facility.

In January 2020, the Kingwood Place construction loan was modified to increase the loan amount by $2.5 million to a total of $35.4 million. The increase is being used to fund the construction of a retail building on an existing Kingwood Place retail pad.

For a description of Stratus' other debt, refer to Note 6 in the Stratus 2019 Form 10-K.

Interest Expense and Capitalization. Interest costs (before capitalized interest) totaled $5.2 million in first-quarter 2020 and $4.6 million in first-quarter 2019. Stratus' capitalized interest totaled $1.3 million in first-quarter 2020 and $2.1 million in first-quarter 2019, primarily related to development activities at Barton Creek. The 2019 period also included capitalized interest related to development activities at Kingwood Place and The Saint Mary.