Transaction Details

Par Amount:

$14,108,727

Interest Rate:

6.250% (tax-exempt) & 8.375% (taxable)

Closing Date:

March 27, 2025

Debt Structure:

Capital Appreciation Bonds

Pledged Revenue:

Proceeds from the sale of bonds from Wildwood Municipal Utility District

Use of Proceeds:

Reimbursement of eligible public improvements
Aerial of SilverLeaf project

Silverleaf

Wildwood County

  • SilverLeaf is a 479-acre primarily residential master-planned community located within the extra-territorial jurisdiction of the City of Bastrop, approximately 17 miles southeast of Austin. SilverLeaf is entirely located within Wildwood Municipal Utility District.
  • The project is being developed by MA Partners.
  • At full build out, SilverLeaf is anticipated to include 855 single-family residential units, 81 townhomes, 142 multi-family units, 14 acres of commercial, and various community amenities.
  • At the time of issuance:
    • 71% of total lots had been contracted to homebuilders.
    • 29% of lots within Phase I had been closed.
    • The Developer and homebuilders were underway with Phase I development.
    • $10.2M in eligible reimbursable costs were outstanding to the Developer.