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 II
-
Total Par Amount
$88.1MM
-
Net Proceeds
$85.8MM
City, Texas
Multiple Texas Markets
Bond Structure
Capital Appreciation Bond (CAB)
Impact Statement
Bitterblue, Inc.
Confluence
-
Total Par Amount
$24.7MM
-
Net Proceeds
$23.3MM
City, Texas
Guadalupe County, Texas
Bond Structure
Capital Appreciation Bond (CAB)
Impact Statement
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
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