Maple Development / Aldeana, Azalea. Serenada

This transaction demonstrates how The Launch Bond® accelerates the receipt of future MUD bond proceeds without encumbering project lands or requiring developer guarantees.
La Segarra Texas MUD financing sign with stone wall and green lawn, offering MUD district funding solutions and water dist...
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Transaction Details

Developer
Starwood Land
Location
Liberty Hill, Texas
Reserve Fund
Fully Funded at Closing
Capitalized Interest
24 Months
Yield
5.40%
Infrastructure Funded
Water, Sewer, Drainage, Roads
Project Name
The Lariat Project
Bond Structure
Current Interest Bond (CIB)
Net Proceeds
$45,000,000
Coupon Rate
5.25%
Maturity Date
2049
Innovation Type
Multi-MUD Forward Funding
Impact Summary & Project Overview

The Lariat Project represents a landmark shift in Texas infrastructure finance. By utilizing The Launch Bond®, the developer was able to unlock capital for regional water and wastewater facilities years ahead of traditional MUD reimbursement cycles.

This structured execution provided non-recourse liquidity that was immediately reinvested into vertical operations, significantly improving the project’s internal rate of return (IRR) and reducing the overall equity requirement for horizontal completion.