Transaction Details

Par Amount:

$11,330,000

Interest Rate:

5.875%

Closing Date:

09/11/2024

Debt Structure:

Current Interest Bonds

Pledged Revenue:

Proceeds from the sale of bonds from the Bollinger Municipal Utility District

Use of Proceeds:

Reimbursement and funding of eligible public improvements
Aerial of Bollinger project

Bollinger

Caldwell County

  • Bollinger is a 333-acre residential master-planned community located within unincorporated Caldwell County, Texas, approximately 32 miles southeast of Austin. Bollinger is entirely located within Bollinger Municipal Utility District.
  • The project is being developed by Ranch Road Development.
  • At full build out, Bollinger is anticipated to include 982 single-family residential units and various community amenities.
  • At the time of issuance:
    • 38% of the single-family lots were under contract with third-party homebuilders.
    • $7.1M in reimbursable expenses had been incurred and were currently outstanding to the Developer.