Transaction Details

Par Amount:

$16,650,,000

Interest Rate:

6.500

Closing Date:

July 1, 2021

Debt Structure:

Capital Appreciation Bonds

Pledged Revenue:

Proceeds from the sale of bonds from the Prairie Ridge Special District

Use of Proceeds:

Reimbursement of eligible public improvements

Prairie Ridge

Ellis County

  • The 1200-acre project is located in Ellis County, approximately 30 miles southwest of downtown Dallas and 25 miles southeast of Fort Worth. The project is being developed by Provident Realty Advisors.
  • The project is anticipated to include 364 single-family homes.
  • At the time of issuance:
    • 20% of the lots were completed.
    • 48% of the lots were under contract.

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