Case Study
Aug 22, 2025
Pearland, TX: Self-Storage Development
Pearland, TX
C2R Capital acquired a contractor's judgment lien on a partially-constructed self-storage facility, demonstrating expertise in non-traditional debt instruments and distressed execution strategies. The 4.5-acre Highway 288 frontage site had prior improvements in place and was permitted for over 109,000 GSF of self-storage—a market-in-demand asset class in the high-growth Houston suburbs.
Rather than a conventional first mortgage, C2R purchased the judgment lien, creating multiple strategic pathways: hold and accrue yield via judgment interest, or pursue restructuring and assume project completion. This bifurcated approach gave C2R immediate cash yield optionality alongside development upside potential, with total valuation providing meaningful equity cushion.
C2R's willingness to pursue non-standard credit instruments, engage in distressed negotiations, and operate across yield-based holds versus active development demonstrates a specialized capability that traditional lenders avoid—unlocking value in otherwise stalled or litigated situations.
Loan Summary
Loan Amount
$2,264,000
Collateral
4.5 AC with site work and partial vertical construction; permitted for 109,300 GSF self-storage; prior improvements in place
Term
N/A
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