ORIX USA’s Infrastructure and Public Finance team served as senior lender on a $22 million MUD receivables loan transaction for Meraki, a 2,700-home master-planned community in Forney, TX developed by Dallas-based Tellus Group. This investment covers the initial two of seven total phases at Meraki, which together will include 646 homes. ORIX USA and Tellus Group worked closely together to structure a simple, tailored loan solution that reimburses the developer for critical public infrastructure, including roads, water, and sewer systems.