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Atascocita, Texas

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

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

$36,200,000

Units

160

Asset Type

Development Site

Closing

Jun 24, 2025

AI

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

Broadsword Investors

Broker

$36.2M

vol

1 deal

Broker
HALL Structured Finance
HALL Structured FinanceLender

Market Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.44%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93