The asset involved in this transaction is a development site located at Fm 1462 & County Road 395 in Alvin. The financing amount for this project is $58,000,000, which will be utilized for infrastructure development for phase one of Preservation Creek, is a master-planned community in the Alvin market. The focus of this phase includes utilities, roads, and other site work.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $58,000,000
• Lender: John D. Hutchinson - Trez Capital
• Landlord: W Land Development

This deal is being facilitated by John D. Hutchinson from Trez Capital, representing the lender in providing the necessary financing. W Land Development is the landlord engaged in the project, tasked with the development of the community through the first phase, given the recapitalization of the project.