DLP Capital closed a loan with TCCI Land Development to develop 538.99 acres of vacant land in Justin, Texas, a town in southwest Denton County. Known as Range Creek, the property is being subdivided into 2,000 residential lots, with the entitlement process expected to conclude by September 2024.
On the March 22, 2024 closing date, the property was under contract to be sold to a national homebuilder focused on growing markets in the central United States, which is well positioned to manage and advance the project.
TCCI Land Development’s strength as a sponsor lies in its proven experience and reputation for guiding vacant land through the entitlement process. Thanks to its 30-year operating history, TCCI has established longstanding relationships with regional and national homebuilders, who often purchase paper lots following entitlement. Based in Dallas, Texas, the company specializes in developing single-family, multi-family, and mixed-use Master Planned Communities.
DLP Capital is pleased to support TCCI Land Development’s Range Creek project, which will expand in-demand housing options in a high-growth area.