Case Study

Oct 10, 2025

Friendswood, TX: Mixed-Use Development Pads

Friendswood, TX

a group of tall buildings under construction

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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