Case Studies

Featured

Creekhaven, Wildrye, and Furst Ranch

Closed:

03/26/2026

Par Amount:

122,603,224

Pledged Revenue:
Proceeds from the sale of bonds from Brazoria County MUD No. 92, Harris County MUD No. 597, and Furst Ranch MUD No. 1 of Denton County
Use of Proceeds:
Reimbursement of eligible public improvements

Creekhaven, Wildrye, and Furst Ranch are primarily residential master planned communities aggregating 1,912-acres.

Heritage Bend Project Map

Heritage Bend

Closed:

08/13/2025

Par Amount:

$129,205,286

Pledged Revenue:
Proceeds from the sale of bonds from Fort Bend County MUD Nos. 275 & 277
Use of Proceeds:
Funding the construction of eligible public improvements

A 1,295-acre residential master-planned development located within unincorporated Fort Bend County, Texas.

Aerials of all four Astro Texas projects with a Starwood logo in the center

Astro Texas

Closed:

03/18/2025

Par Amount:

$195,767,000

Pledged Revenue:
Proceeds from the sale of bonds from ten Municipal Utility Districts
Use of Proceeds:
Reimbursement of eligible public improvements and refinancing of the existing Series 2024 Bonds

First ever refinancing for a MUD receivable transaction, the transaction includes four communities which cover nearly 16,000 homes across 10 MUDs in the Houston area.

All Case Studies

Creekhaven, Wildrye, and Furst Ranch

Closed:

03/26/2026
Par Amount:
122,603,224

Creekhaven, Wildrye, and Furst Ranch are primarily residential master planned communities aggregating 1,912-acres.

Legacy Hills 2025

Closed:

11/26/2025
Par Amount:
$85,110,000

Legacy Hills is a 3,150-acre primarily residential master-planned community in Celina, TX (Collin County).

Willow Springs

Closed:

11/20/2025
Par Amount:
$21,386,934

Willow Springs is a planned residential development approximately 15 miles south of Austin, TX.

Fair Meadows

Closed:

11/4/2025
Par Amount:
$18,552,418

A planned single-family home development located about 39 miles southwest of downtown Houston in unincorporated Fort Bend County.

Capital Creek Ranch

Closed:

10/24/2025
Par Amount:
$12,965,249

A 1,426-acre master-planned residential development located within unincorporated San Jacinto County.

Driftwood Golf and Ranch Club

Closed:

10/08/2025
Par Amount:
$33,369,311

An 828-acre luxury resort community located within the extra-territorial jurisdiction of the City of Dripping Springs.

Heritage Bend Project Map

Heritage Bend

Closed:

08/13/2025
Par Amount:
$129,205,286

A 1,295-acre residential master-planned development located within unincorporated Fort Bend County, Texas.

Milo Farms Project map

Milo Farms

Closed:

07/15/2025
Par Amount:
$30,166,103

A proposed 413-acre primarily residential development located entirely within Fort Bend County MUD No. 231 (the “District”) and unincorporated Fort Bend County, TX.

Aerial of Campo Del Sol project

Campo Del Sol

Closed:

07/02/2025
Par Amount:
$31,864,229

A 2,300-acre mixed-use master-planned community located within the City of El Paso.

Aerial of Sterling Traditions

Sterling Traditions

Closed:

06/18/2025
Par Amount:
$37,749,480

A 475-acre master-planned community located in Liberty County, TX near the City of Dayton.

Aerial of Northspur project

Northspur

Closed:

05/28/2025
Par Amount:
$29,004,791

700-acre primarily residential master-planned community located in the City of Terrell, anticipated to include nearly over 1,500 homes and nearly 250 acres of commercial.

Aerial of Briarwood project

Briarwood & Park Place

Closed:

05/15/2025
Par Amount:
$17,457,507

Pooled financing for two projects in the city of Elgin, which are collectively anticipated to deliver over 1,000 homes and 13 acres of commercial.

Aerial of Myrtle Creek project

Myrtle Creek

Closed:

03/27/2025
Par Amount:
$43,143,699

A 1,263-acre primarily residential community in Waxahachie. It is anticipated to include nearly 2,500 homes and 40-acres of commercial.

Aerial of SilverLeaf project

Silverleaf

Closed:

03/27/2025
Par Amount:
$14,108,727

479-acre community located near Bastrop that will include over 1,000 residential units and nearly 14-acres of commercial.

Aerials of all four Astro Texas projects with a Starwood logo in the center

Astro Texas

Closed:

03/18/2025
Par Amount:
$195,767,000

First ever refinancing for a MUD receivable transaction, the transaction includes four communities which cover nearly 16,000 homes across 10 MUDs in the Houston area.

Aerial of Anthem project

Anthem-Freedom

Closed:

03/06/2025
Par Amount:
$45,000,785

423-acre community located near Austin that is anticipated to include 1,469 homes as well as community amenities.

Midtown Entryway sign

Midtown

Closed:

02/06/2025
Par Amount:
$13,444,355

319-acres mixed use development in College Station anticipated to include nearly 1,000 homes, over 2,000 multifamily units, and over 450,000 square feet of commercial.

Aerial of Oakwood Estates & Stonebrooke

Oakwood Estates & Stonebrooke

Closed:

12/19/2024
Par Amount:
$16,330,242

Pooled issuance for two communities in the Houston area that are collectively anticipated to include over 800 homes.

Aerial of Alpha ranch project

Alpha Ranch

Closed:

12/04/2024
Par Amount:
$55,831,923

1,991-acre mixed-use community in Denton and Wise Counties anticipated to include over 5,000 residential units and 1M SF of commercial.

Aerial of Waterstone entryway sign

Waterstone

Closed:

10/29/2024
Par Amount:
$53,575,000

699-acre primarily residential community in Hays County, planned to include over 2,000 residential units and over 45-acres of commercial.

Two Step Farm amenity

Two Step Farm

Closed:

10/10/2024
Par Amount:
$60,150,597

511-acre mixed-use community in Mongomery County that is anticipated to include over 4,000 total homes. Phase one is pledged to this financing, which is anticipated to include 1,087 homes.

Aerial of Bollinger project

Bollinger

Closed:

09/11/2024
Par Amount:
$11,330,000

332-acre residential community in Caldwell County anticipated to include 982 homes.

Aerial of Nolina and Sorella project

Nolina and Sorella

Closed:

09/04/2024
Par Amount:
$48,240,000

Pooled issuance for two communities that will collectively include over 2,000 units across Williamson and Harris Counties.

Aerial of Indian Springs Project

Indian Springs

Closed:

08/22/2024
Par Amount:
$11,155,000

138-acre residential community located in the City of Houston, anticipated to include 600 homes.

Aerial of Bridgewater project

Bridgewater

Closed:

08/08/2024
Par Amount:
$33,940,000

Primarily residential 966-acre community located in Waxahachie that is anticipated to include over 2,000 homes and 65-acres of commercial.

Aerial of Elevon project

Elevon

Closed:

08/07/2024
Par Amount:
$19,320,000

291-acre portion of a 1,500-acre community located near Lavon that is anticipated to include 1,064 homes.

Aerial of Mayfair project

Mayfair

Closed:

07/30/2024
Par Amount:
$42,800,000

Mayfair is a mixed-use master-planned community in New Braunfels, TX. The financed area is anticipated to include over 1,600 residential units and 105-acres of commercial.

Rendering of Legacy Hills amenity

Legacy Hills 2024

Closed:

03/07/2024
Par Amount:
$46,145,000

3,211-acre mixed-use development located in the city of Celina. At full build out it is anticipated to include over 11,000 residential units.

Aerial of Wayside Project

Wayside

Closed:

03/06/2024
Par Amount:
$13,320,000

187-acre mixed-use development with homes and commercial space in Uhland.