Maple Development
Aldeana, Azalea, Serenada
Transaction Details
Project Name
Aldeana, Azalea, Serenada
Developer
Maple Development
Bond Type
Capital Appreciation Bond
Reserve Fund
N/A
Yield
7.50%
Coupon Rate
7.25%
Total Par Amount
$40.9MM
Net Proceeds
$37.5MM
Maturity Date
12/1/2040
Impact Summary & Project Overview
Aldeana, an approximately 257.5-acre master-planned community, is expected to consist of approximately 868 residential lots, approximately 15 acres of commercial development and various amenities including a pool, trails, park and recreation center.
Azalea, an approximately 272.5-acre master-planned community, is expected to consist of approximately 868 residential lots, approximately 15 acres of commercial development and various amenities including a pool, park and recreation center.
Serenada, an approximately 155.5-acre master-planned community, is expected to consist of approximately 469 residential lots and various amenities including two parks, one which will be used as a public park, walking trails and a frisbee golf course.
The Launch Bond® proceeds will be utilized by Maple Development Group to reimburse and fund $37.5 million in eligible MUD improvements and infrastructure.
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