Trez Capital announced the closing of a $15.3 million loan to Windy Hill Development, LLC for the development of 300 single-family lots in the first phase of Indian Springs, a new planned community located just outside Houston, in eastern Harris County on Indian Shores Road near the eastern shores of Lake Houston. The four-phase development spans 138 acres and will have approximately 583 homes upon completion.
Indian Springs complements “lake life” with its amenity offerings, inviting residents to immerse themselves in recreational living. Residents will have access to an exclusive amenities center along with ample, beautiful walking trails and three acres of parks. Residents will enjoy the community’s proximity to Indian Shores Golf Course as well as homes zoned for Crosby Independent School District for families with school-aged children.
The planned community provides easy access to major thoroughfares and is approximately six miles north of State Highway 90. Lennar is the builder under contract to purchase all the lots within the community. Connor Investment Real Estate provided equity to purchase the land and fund the infrastructure development for the first phase of the project.
The phase one lots are expected to be delivered in 2023.
Windy Hill Development currently has 10 projects in active development, including Indian Springs, with just over 8,700 residential lots planned covering more than 3,300 acres.