C2R Capital provided a senior bridge loan secured by approximately 1,027 acres of improved ranch land near Copperas Cove, TX, along with a first-lien collateral position on commercial saltwater disposal assets. The transaction supported the acquisition of an operating water management business while preserving ownership of a high-quality Texas land position.

The primary collateral is a high-fenced ranch with live water, stock tanks, multiple wells, road access, utility service, and significant capital improvements completed over several years. Secondary collateral includes permitted saltwater disposal wells and related operating assets with established infrastructure and recurring revenue streams.

C2R structured the facility at conservative leverage with a 12-month interest reserve, full personal and corporate guarantees, and first-lien coverage across both the ranch and operating business collateral. The dual-collateral structure provided asset coverage from a hard land asset while also capturing cash-flow support from the acquired business.

This transaction reflects C2R's ability to underwrite complex collateral packages where real estate value, operating asset value, sponsor experience, and repayment structure all matter.