Case Study
Dec 12, 2025
Friendswood, TX: Large-Scale Commercial Development
Friendswood, TX
C2R Capital provided a bridge facility for two large commercial/multifamily-ready pad sites within a master-planned development, building on a prior C2R position and demonstrating the lender's portfolio-level approach to complex, multi-phase projects. The approximately 18.9-acre parcel was positioned for near-term sale to an institutional buyer, with one pad already under contract for purchase.
C2R structured the facility to fund horizontal completion and market-ready positioning while incorporating explicit takeout certainty through the contracted sale and leveraging continuing PID/TIRZ reimbursements for infrastructure. The loan featured a layered fee structure reflecting larger size and controlled execution risk via contracted buyer commitment.
This transaction exemplifies C2R's ability to expand capital deployment across contiguous parcels and phases when relationship and portfolio visibility increase confidence—providing sponsors with the liquidity to accelerate sales while maintaining favorable terms and structural certainty.
Loan Summary
Loan Amount
$5,400,000
Collateral
1st Lien on approximately 18.9 AC across two commercial pads; public infrastructure financing (TIRZ/PID); contracted institutional buyer commitment
Term
12 Months
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