ORIX USA’s Infrastructure and Public Finance team served as senior lender on an $11.87 million acquisition and development loan for Phase II of Seven Oaks, a residential community in Burleson, Texas, approximately 16 miles south of Fort Worth. Developed by Blue Norther, the second phase will include 176 residential lots, all of which are under contract with D.R. Horton.
The loan will finance up to 70% of the Phase II land acquisition and horizontal development costs associated with delivering the finished residential lots.