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HALL Structured Finance Provides $36.2M Loan For Humble Ranch Development Site In Atascocita

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FINANCED
$36,200,000

Texas

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Development Site
Financed 06/24/2025
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Property Image
FINANCED

HALL Structured Finance Provides $36.2M Loan For Humble Ranch Development Site In Atascocita

Development Site
Financed 06/24/2025
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Summary

Asset Type:Development Site
Transaction Type:Loan

The transaction involved a construction loan for a development site known as Humble Ranch, a 160-unit build-to-rent project located in Atascocita, Texas. The loan amount was $36,200,000, which was issued by HALL Structured Finance. The project is slated for completion in Q3 2026 and will feature various amenities tailored for residents.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $36,200,000
  • Lender: HALL Structured Finance
  • Landlord: Bobby C. Orr Jr. - Lēva Living
  • Broker: Paul Smyth - Broadsword Investors
  • Market: Atascocita
  • Loan Type: Construction

This construction loan was arranged by Broadsword Investors and is intended for a project developed by Lēva Living, which is led by Bobby C. Orr Jr. The project promises high-end finishes and shared amenities, catering to the needs of prospective residents in the area.

Players

Paul Smyth
1 deal$36.2M volume
BROKER

HALL Structured Finance
LENDER

Details

FINANCED
IMAGE: Bobby C. Orr Jr. & Paul Smyth DATE: 06/24/2025 ADDRESS: MARKET: Atascocita ASSET TYPE: Development Site LENDER: HALL Structured Finance LANDLORD: Bobby C. Orr Jr. - Lēva Living BROKER: Paul Smyth - Broadsword Investors LOAN AMOUNT: $36,200,000 LOAN TYPE: Construction NOTE: HALL Structured Finance issued a $36.2M construction loan for Humble Ranch, a 160-unit build-to-rent project in Atascocita, 25 miles north of Houston. The project, developed by Lēva Living and arranged by Broadsword Investors, is slated for completion in Q3 2026 and will feature high-end finishes, private yards, and shared amenities.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$36,200,000.00

Monthly NOI$241,333.33
Monthly Debt Service$228,808.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00