Bold Fox Development
La Segarra
Transaction Details
Project Name
La Segarra
Developer
Bold Fox Development
Bond Type
Capital Appreciation Bond
Reserve Fund
N/A
Yield
7.375%
Coupon Rate
7.375%
Total Par Amount
$19.401MM
Net Proceeds
$18.020MM
Maturity Date
12/1/2039
Impact Summary & Project Overview
Sunterra Lakes, is an approximately 1,455-acre master-planned community located six miles northwest of Katy, Texas. The community is expected to consist of 4,233 residential lots, 35.4 acres of commercial development, and various amenities including a recreation center, a lazy river and pool, a splash pad, a wiffle ball field, a playground, outdoor sports courts, walking paths, and more.
The Starwood Land community currently features eight homebuilders: Ashton Woods, CastleRock Communities, Century Communities, D.R. Horton, Imagination Homes, Lennar, Long Lake Ltd., and Starlight Homes. Sunterra Lakes follows the success of its nearby sister community, Sunterra, which has been the top-selling master-planned community in Texas for three consecutive years.
Other Transactions
LGI Homes Projects
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Total Par Amount
$68.4MM
-
Net Proceeds
$66.33MM
Goodland Development
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Total Par Amount
$54.65MM
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Net Proceeds
$52.5MM
Sunterra Lakes
-
Total Par Amount
$98.5 MM
-
Net Proceeds
$95.0 MM