On June 14, CBA Land Capital announced it arranged the capital on a 200-acre land banking deal in the Cypress Green master-planned community with Arena Investors LP, a New York-based global investment firm. The story received news coverage from several publications.
Read the Houston Business Journal story here.
https://www.bizjournals.com/houston/news/2021/06/17/land-tejas-cypress-green-community.html
Read more from CoStar News here.
https://product.costar.com/home/news/shared/801218535
See Coverage from Houston Agent Magazine here.
https://houstonagentmagazine.com/2021/06/17/land-tejas-to-develop-646-acre-community-in-cypress/
Located off of FM 2920 in the strongest new home corridor in Houston, Cypress Green will include more than 2,200 new homes. Cypress Green is being developed by Land Tejas known for large master-planned communities across Texas including Balmoral and Lago Mar, which feature the popular Crystal Lagoon. Phase One development has already commenced on the first 150 acres and 500 lots, all of which have been pre-sold to homebuilders. With financing now in place, the development of the 200 acres in Phase Two is slated to begin in the second quarter of 2022.
In today’s lending environment, the requirements for a traditional financing structure can stretch a company’s capital resources and balance sheet to its limits. However, securing and maintaining positions in the market, whether land or lots, is crucial to the continued growth of developers and homebuilders. CBA Land Capital is a non-traditional lender and offers a structure to alleviate capital and resource strains placed on developers and homebuilders.
CBA Land Capital helps developers and homebuilders secure prime locations, manage cash flow and leverage costs by working as partners with their clients to structure projects based on a client’s needs.