Transaction Details

Par Amount:

$19,320,000

Interest Rate:

5.000%

Closing Date:

08/07/2024

Debt Structure:

Current Interest Bonds

Pledged Revenue:

Proceeds from the sale of bonds from Elevon MUD No. 1A

Use of Proceeds:

Reimbursement and funding of eligible public improvements
Aerial of Elevon project

Elevon

Collin County

  • Elevon is a 291-acre residential master-planned community located within the extra-territorial jurisdiction of the City of Lavon, Texas, approximately 34 miles northeast of Dallas. Elevon is entirely located within Elevon Municipal Utility District No. 1A.
  • The project is being developed by MA Partners.
  • At full build out, Elevon is anticipated to include 1,064 single-family residential units and various community amenities.
  • At the time of issuance:
    • 99% of the residential units were contracted with third-party homebuilders of which 74% of the units were closed and 25% still subject to PSA.
    • 42% of the residential units were complete or under vertical construction.