$4.9M

DLP Capital Funds $4.9 Million Loan for Manufactured Housing Development in Palmer, TX

DLP Capital is delighted to announce a $4.9 million loan to K8H Ventures for the refinancing of a manufactured housing community development in Palmer, Texas, 30 minutes southeast of downtown Dallas.

This project, known as Risinger Ridge, aims to provide attainable workforce housing to residents in the Ellis County submarket, creating solutions for the ongoing affordable housing crisis in Texas.

Project Overview

DLP Capital’s loan supports the development of a 299.25-acre site which will be transformed into a 1,038-lot manufactured housing community (MHC). The land, which has undergone a rigorous entitlement and planning process since its acquisition in 2022, is now in its final stages of entitlement and approval.

Development Features

The project will include:

• Manufactured Housing Units: The site will accommodate 1,038 lots for manufactured housing, which will provide affordable home ownership options in the area.
• Amenities: Risinger Ridge will feature high-end community amenities designed to create a comfortable and family-friendly environment, including a pool, playground, and clubhouse.

DLP Capital’s Role

DLP Capital is proud to extend the financing necessary to complete pre-development activities that will ultimately lead to bringing this impactful development to life through subsequent funding. Our strategic partnership with K8H Ventures will allow the sponsor to develop a project that will provide affordable housing and contribute to the economic growth of Palmer, Texas, and the Dallas-Fort Worth metroplex at large.

By combining DLP Capital’s expertise and resources with K8H Ventures’ vision and execution, this project will deliver a high-quality, sustainable community to the area that has the potential to provide stable returns to investors while addressing critical housing shortages.  MHC is truly one of the most promising product types in the fight against our national housing crisis, while being one of the most sought after asset classes by institutional investment due to its lower and more stable risk profile. 

About K8H Ventures

Founded by principals with 25 years of combined development and brokerage experience, K8H Ventures focuses on greenfield developments in one of the most recession-resistant asset classes of manufactured housing communities. The firm, whose sole mission is manufactured housing, aims to provide safe, affordable housing solutions for Texans while bucking the old stigma of legacy MH communities by creating high-end, community-oriented developments in the Lone Star State.