White text Launch DFA Logo
White_Launch_Bond_logo

The Launch Bond®

The Launch Bond® is an early-stage financing developed by Launch Development Finance Advisors that represents a financing solution to bridge the gap between upfront infrastructure expenditures and revenue events. The Launch Bond® was developed solely to provide another financing tool for the development and homebuilding communities to assist in the financing of infrastructure and/or the return of capital.

Texas MUD Forward Funding Launch Bonds

A Texas MUD Forward Funding Launch Bond® is early-stage non-recourse, tax exempt Municipal Utility District (“MUD”) receivable financing and represents a financing solution to bridge the gap between infrastructure expenditures and MUD reimbursements.

Texas investors, developers, and builders: Discover the groundbreaking Texas MUD Forward Funding Launch Bond®

Since its mid-2023 creation by Launch Development Finance Advisors®, this non-recourse, tax-exempt bond has sparked unprecedented early stage project infrastructure financing. Watch the video below to learn how this innovative financial tool can revolutionize your project.

The Texas MUD Forward Funding Launch Bond®

The Texas MUD Forward Funding Launch Bond® is the original financing concept developed by Launch Development Finance Advisors® to bridge the fissure between the heavy upfront infrastructure spend and the receipt of future MUD reimbursements.
Attributes of The Texas Forward Funding Launch Bond® include:
Only applicable to Texas.
Tax Exempt Bond (Estimated Interest Rates from 5.5% to 7.5%).
Non-Recourse to the developer.
No Developer and/or corporate guarantees required.
May be structured as a capital appreciation or current pay bond.
Does not encumber the project lands.
Secured only by pledge of future MUD bond proceeds.
May be configured in multiple different bond structures to accommodate developer financing goals.
Accelerated payback of Launch Bond accrues to the benefit of the Developer.

Recent Launch Bond® Transactions

Starwood Land  | Sunterra Lakes

$98,548,735

Bond Type: Capital Appreciation Bond
Total Par Amount – $98.5 MM
Reserve Fund – N/A
Net Proceeds – $95.0 MM
Coupon – 6.625%
Yield – 6.625%
Maturity Date – 12/15/2034

Bold Fox Development | La Segarra

$19,401,334

Bond Type: Capital Appreciation Bond
Total Par Amount – $19.401MM
Reserve Fund – N/A
Net Proceeds – $18.020MM
Coupon – 7.375%
Yield – 7.375%
Maturity Date – 12/1/2039
Entry_Res_Boost-La-Segarra-800x335

Maple Development | Aldeana, Azalea, & Serenada

$40,900,000

Bond Type: Capital Appreciation Bond
Total Par Amount – $40.9MM
Reserve Fund – N/A
Net Proceeds – $37.5MM
Coupon – 7.25%
Yield – 7.50%
Maturity Date – 12/1/2040
Aldeana-800x335

Canyon Ranch | Canyon Ranch Austin

$29,960,000

Bond Type: Capital Appreciation Bond
Total Par Amount – $29.96MM
Reserve Fund – N/A
Net Proceeds – $28.3MM
Coupon Rate – 7.00%
Yield – N/A
Maturity Date – 12/1/2035
Canyon-Ranch

Randolph Texas | Lariat Phase 2

$29,400,000

Bond Type: Capital Appreciation Bond
Total Par Amount – $29.4MM
Reserve Fund – N/A
Net Proceeds – $28.1MM
Coupon Rate – 7.00%
Yield – N/A
Maturity Date – 12/15/2032
Launch Bond for Lariat

Masonwood Development | Provence

$44,120,000

Bond Type: Capital Appreciation Bond
Total Par Amount – $44.120MM
Reserve Fund – N/A
Net Proceeds – $39.120MM
Coupon Rate – 6.75%
Yield – 6.45%
Maturity Date – 12/1/2031
The Launch Bond for Masonwood

Starwood Land | Wildflower Ranch

$77,800,000

Bond Type: Special Revenue Capital Appreciation Bond
Total Par Amount – $77.8MM
Reserve Fund – N/A
Net Proceeds – $75.0MM
Coupon Rate – 6.180%
Yield – 6.180%
Maturity Date – 12/15/2033
The Launch Bond was used for Wildflower Ranch

Caldwell Companies | Chambers Creek

$53,100,000

Bond Type: Capital Appreciation Bond
Total Par Amount – $53.1MM
Reserve Fund – N/A
Net Proceeds – $51.2MM
Coupon Rate – 6.75%
Yield – 6.6404%
Maturity Date – 12/15/2032
Starwood-Chambers-Creek-800x335

Megatel | Venetian & Saint Tropez Developments

$45,000,000

Bond Type: Capital Appreciation Bond
Total Par Amount – $45.0MM
Reserve Fund –
Net Proceeds – $43.0MM
Coupon Rate – 6.25%
Yield – 6.25%
Maturity Date – 12/2033
Venetian-Saint-Tropez-800x335

Multiple Developers | River Ranch

$69,000,000

Bond Type: Capital Appreciation Bond
Total Par Amount – $69.0MM
Reserve Fund –
Net Proceeds – $66.0MM
Coupon Rate – 6.00%
Yield – 6.000%
Maturity Date – 12/01/2031

Ember Group | The Grand Prairie

$62,700,000

Bond Type: Current Interest Bond
Total Par Amount – $62.7MM
Reserve Fund – $3.6MM
Net Proceeds – $55.8MM
Coupon Rate – 5.875%
Yield – 6.000%
Maturity Date – 12/15/2032
Ember-Group

Starwood Land | Emberly, Sierra Vista, & Sterling Lakes North

$44,300,000

Bond Type: Current Interest Bond
Total Par Amount – $44.3MM
Reserve Fund – $2.3MM
Net Proceeds – $40MM
Coupon Rate – 5.375%
Yield – 5.375%
Maturity Date – 12/2031
Starwood-2

Bold Fox Development | Attwater

$19,588,813

Bond Type: Capital Appreciation Bond
Total Par Amount – $19.6MM
Reserve Fund – –
Net Proceeds – $18.2MM
Coupon Rate – 6.25%
Yield – 6.16%
Maturity Date – 04/2030
Bold-Fox

Areté Collective | Thomas Ranch

$106,486,596

Bond Type: Capital Appreciation Bond
Total Par Amount – $106.487MM
Reserve Fund – $2.5MM
Net Proceeds – $103.0MM
Coupon Rate – 6.5%
Yield – 6.4%
Maturity Date – 12/1/2034
Arte_Collective_Thomas_Ranch_800x335

Hillwood Communities | Valencia

$46,985,000

Bond Type – Current Interest Bond
Total Par Amount – $46.985MM
Reserve Fund – $2.5MM
Capitalized Interest – $0.25MM
Net Proceeds – $42.3MM
Coupon Rate – 5.3%
Yield – 5.3%
Maturity Date – 12/1/2032
Hillwood-800x335

Caldwell Companies | The Highlands

$48,180,000

Bond Type – Current Interest Bond
Total Par Amount – $48.18MM
Reserve Fund – $2.5MM
Capitalized Interest – $0.4MM
Net Proceeds – $43.2MM
Coupon Rate – 5.125%
Yield – 5.125%
Maturity Date – 12/15/2030
Caldwell_cos_800x335

Starwood Land | Sunterra, Cyprus Green, Sierra Vista, & Lago Mar

$164,990,000

Bond Type – Current Interest Bond
Total Par Amount – $164.99MM
Reserve Fund – $9.07MM
Net Proceeds – $150.0MM
Coupon Rate – 5.50%
Yield – 5.50%
Maturity Date – 12/15/2028

Johnson Development Services | Candela

$40,790,000

Bond Type – Current Interest Bond
Total Par Amount – $40.8MM
Reserve Fund – $2.5MM
Net Proceeds – $36.2MM
Coupon Rate – 6.125%
Yield – 6.25%
Maturity Date – 12/15/2029

Randolph Texas | Lariat Phase 1

$35,500,000

Bond Type – Capital Appreciation Bond
Total Par Amount – $35.5MM
Net Proceeds – $33.2MM
Coupon Rate – 7.5%
Yield – 7.76%
Maturity Date – 9/1/2029

Launch Development Finance Advisors®

Launch Development Financing Advisors® is a transactional based real estate consulting firm representing the private sector in matters of public finance. The mission of Launch Development Financing Advisors® is to assist our clients in the financing of infrastructure, reduction of the costs and the mitigation of risk, all with the goal of enhancing project profitability and returns.

For more information on Launch Development Financing Advisors® visit our website at www.launch-dfa.com.

For Further Information

For more information on how The Launch Bond® may assist with your project infrastructure financing, contact Carter Froelich

Launch_R

Carter Froelich, CPA

Managing Principal

1-855-970-0003 | Ext. 4355
[email protected]

OL_Launch_Bond_logo