Case Study
Oct 10, 2025
Friendswood, TX: Mixed-Use Development Pads
Friendswood, TX

C2R Capital acquisition and development capital for mixed-use pad sites within a large, established planned unit development that benefits from public-private infrastructure financing. The five-parcel assemblage totaling approximately 14.9 acres was positioned for immediate pad-ready sales to institutional and regional buyers seeking retail, office, and residential end-uses in the booming Houston MSA.
C2R's bridge loan funded horizontal completion and working capital while the sponsor coordinated Tax Increment Reinvestment Zone (TIRZ) and Public Improvement District (PID) reimbursements for major infrastructure costs. This public-finance overlay materially improved project economics and sponsor liquidity management, while C2R's prior positions on adjacent parcels within the same development provided sitewide visibility and enhanced monitoring confidence.
By structuring short-duration interest reserves and leveraging public infrastructure funding mechanisms, C2R enabled the sponsor to move quickly to near-term liquidity events (pad sales or vertical financing by end-users), delivering capital certainty and development stage-specific sophistication.
Loan Summary
Loan Amount
$3,700,000
Collateral
1st Lien on approximately 14.9 AC across five mixed-use pads; fully entitled and pad-ready; public infrastructure financing (TIRZ/PID) in place
Term
12 Months
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