HOUSTON – (Realty News Report) – Some 5,700 homes are planned for Preservation Creek, a 3,000-acre community under development in the Houston area, which led the nation in home construction last year.
The Dallas-based office of Trez Capital has provided $58 million in financing for phase one of Preservation Creek, a new master-planned community in Alvin, just south of Houston.
Houston-based W Land Development, is developing Preservation Creek. The financing will recapitalize the project and fund horizontal development of phase one, including utilities, streets and other infrastructure. This transaction marks the first financing Trez Capital has provided for W Land Development…