Transaction Details

Par Amount:

$31,864,229

Interest Rate:

6.750%

Closing Date:

07/02/2025

Debt Structure:

Capital Appreciation Bonds

Pledged Revenue:

Proceeds from the sale of bonds from City of El Paso MMD No. 1

Use of Proceeds:

Reimbursement and funding of eligible public improvements
Aerial of Campo Del Sol project

Campo Del Sol

El Paso County

  • Campo Del Sol is a 2,300-acre mixed-use master-planned community located within the City of El Paso, Texas. Campo Del Sol is entirely located within City of El Paso Municipal Management District No. 1.
  • The project is being developed by Scarborough Lane Development.
  • At full build out, Campo Del Sol is anticipated to include 7,000 single-family residential units, 2,500 multi-family units, and 300 acres of commercial.
  • At the time of issuance:
    • $4.8M of non-refundable earnest money had been deposited.
    • $28.1M of lot sale proceeds had been accumulated.
    • $23.1M of the total $233.3M budget in eligible infrastructure had been spent.

‍