ORIX USA’s Infrastructure and Public Finance team is proud to serve as Senior Lender on the $45 million MUD development loan for Serenade, an 872-home master-planned community in Celina, TX. The financing will support the construction of horizontal infrastructure and the transformation of 449 unimproved land parcels into finished lots—ready for future home construction. ORIX USA holds a first lien on the land and will be repaid through a combination of lot and land sales as well as public incentive revenues.