Starwood Land
Wildflower Ranch
Transaction Details
Project Name
Wildflower Ranch
Developer
Starwood Land
Bond Type
Special Revenue Capital Appreciation Bond
Reserve Fund
N/A
Yield
6.180%
Coupon Rate
6.180%
Total Par Amount
$77.8MM
Net Proceeds
$75.0MM
Maturity Date
12/15/2033
Impact Summary & Project Overview
Wildflower Ranch is a master-planned community by Starwood Land located just north of Fort Worth, Texas on Highway 114 within the Northwest Independent School District. At full build-out, the community will feature approximately 3,232 single-family residential lots and amenities including a resort-style lazy river, over four miles of trails, a custom playground, community pavilion, and an on-site elementary school.
Other Transactions
LGI Homes, Inc.
LGI Homes Projects
-
Total Par Amount
$68.4MM
-
Net Proceeds
$66.33MM
City, Texas
Multiple Texas Markets
Bond Structure
Capital Appreciation Bond (CAB)
Impact Statement
Big Sky Estates, Colson Ranch, Park Vista @ El Tesoro, Lago Mar, Pinewood Trails, and Sweetwater Ridge
Provident Communities
Goodland Development
-
Total Par Amount
$54.65MM
-
Net Proceeds
$52.5MM
Starwood Land
Sunterra Lakes
-
Total Par Amount
$98.5 MM
-
Net Proceeds
$95.0 MM