The Original Texas MUD Forward Financing Solution
Master Planned Communities
The Inventors of Texas MUD Forward Financing
Launch Development Finance Advisors created and implemented the tax-exempt MUD forward financing structure known specifically as The Launch Bond® to accelerate future MUD reimbursements for developers and home builders. We were the first to design it, the first to implement it, and the first to prove its viability in Texas.
We are the original. The others? Merely imitators.
Since 2007, our firm has helped reshape public infrastructure finance across Texas—first by assisting in passing statutory changes to the PID statute, and secondly by designing and implementing The Launch Bond® structure.
Closed Transactions successfully executed across the Texas market.
In Bond Volume issued to date for our development partners.
First to roll-up multiple MUDs in a single bond issuance.
Trusted by Leading Developers
Recent Launch Bond® Transactions
Goodland Development
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Total Par Amount
$54.65MM
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Net Proceeds
$52.5MM
Sunterra Lakes
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Total Par Amount
$98.5 MM
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Net Proceeds
$95.0 MM
Aldeana, Azalea, Serenada
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Total Par Amount
$40.9MM
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Net Proceeds
$37.5MM
La Segarra
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Total Par Amount
$19.401MM
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Net Proceeds
$18.020MM
Canyon Ranch
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Total Par Amount
$29.96MM
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Net Proceeds
$28.3MM
Lariat Phase 2
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Total Par Amount
$29.4MM
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Net Proceeds
$28.1MM
The Problem
The Timing Gap Between Construction & Reimbursement
Traditional financing models force developers to absorb the heavy weight of infrastructure costs years before the first MUD bond is issued.
Equity Cost
Debt Rigidity
The Solution
The Launch Bond®
Solution
We unlock capital early. By leveraging future MUD bond proceeds rather than encumbering project land, we provide the early stage, non-recourse financing developers need.
The Problem
Equity Cost
Debt Rigidity
The Solution
The Launch Bond®
- Tax exempt interest rates
- No developer guarantees
- Flexible bond terms
Strategic Positioning
Purpose-Built for Early Infrastructure Financing
The Launch Bond® is engineered specifically for MUD, MMD, FWSD, and WCID infrastructure. It is not a repackaged loan—it is a specialized financing instrument created around your specific project financing needs.
Traditional Development Financing
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Recourse Status
Often recourse financing.
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Guarantees
Personal and corporate guarantees typically required.
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Security
Secured by deeds of trust on project lands.
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Borrowing Capacity
Consumes traditional debt capacity on balance sheet.
The Launch Bond®
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Recourse Status
Non-Recourse Structure
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Guarantees
No Developer Guarantees
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Security
Unencumbered Project Lands
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Borrowing Capacity
Not Debt for the Developer
Category
Traditional Development Financing
The Launch Bond®
Recourse Status
-
Often recourse financing
-
Non-Recourse Structure
Guarantees
-
Personal and corporate guarantees typically required.
-
No Developer Guarantees
Security
-
Secured by deeds of trust on project lands.
-
Unencumbered Project Lands
Borrowing Capacity
-
Consumes traditional debt capacity on balance sheet.
-
Not Debt for the Developer
| Category | Traditional Development Financing | The Launch Bond® |
|---|---|---|
| Recourse Status | Often recourse financing | Non-Recourse Structure |
| Guarantees | Personal and corporate guarantees typically required. | No Developer Guarantees |
| Security | Secured by deeds of trust on project lands. | Unencumbered Project Lands |
| Borrowing Capacity | Consumes traditional debt capacity on balance sheet. | Not Debt for the Developer |
A Disciplined Execution Path
Transforming project vision into financial reality through a proprietary, step-by-step process designed to achieve more—faster.
Project Qualification
Assessing MUD establishment, bond authorization, and builder contracts to anchor project eligibility and future success.
Initial Sizing
Bespoke evaluation of project reimbursement potential grounded in data-driven forensics to maximize your financial outcomes.
Transaction Structuring
Tailoring of Launch Bond® vehicles specifically to bridge the infrastructure gap and enhance project IRR for our development partners.
Institutional Bond Sale
Placement to institutional investors with capital proceeds delivered to the trustee for immediate and strategic deployment.
Cash Acceleration
Immediate reimbursement of eligible costs, supercharging project returns and mitigating long-term development risks.
A Disciplined Execution Path
Transforming project vision into financial reality through a proprietary, step-by-step process designed to achieve more—faster.
01
STAGE 1
Project Qualification
02
STAGE 2
Initial Sizing
03
STAGE 3
Transaction Structuring
04
STAGE 4
Institutional Bond Sale
05
STAGE 5
Cash Acceleration
Forward Financing Built for the Best in Development
Accelerate your MUD bond reimbursements without encumbering project lands or balance sheet. Schedule your confidential consultation to receive a custom bond sizing analysis.