Transaction Details

Par Amount:

$12,965,249

Interest Rate:

7.000%

Closing Date:

10/24/2025

Debt Structure:

Capital Appreciation Bonds

Pledged Revenue:

Proceeds from the sale of bonds from San Jacinto County Municipal Utility District No. 15

Use of Proceeds:

Reimbursement and funding of eligible public improvements

Capital Creek Ranch

San Jacinto County

  • Capital Creek Ranch is a 1,426-acre master-planned residential development located within unincorporated San Jacinto County. The Project is entirely located within San Jacinto County Municipal Utility District No. 15.
  • The Project is being developed by Capital Creek Ranch LLC which is primarily managed by Harry Klein.
  • At full build out, the Project is anticipated to include 455 custom single-family detached homes on multi-acre lots along with various community amenities including three 20-acre lakes, a community center, walking trails, and proximity to Sam Houston National Forest.
  • At the time of issuance:
    • 49% of the lots were finished or under horizontal development.
    • 33% of the lots were sold or under PSA to end users.
    • 1% of the units were complete or under vertical construction.
    • 21% of the reimbursable budget had been spent