Acquisition Development Rowlett, TX is pleased to announce the closing of an Acquisition & Development Loan (A&D) for $35,160,000 in Rowlett, Texas for the acquisition of 110 acres and the final planning of a mixed-use development on Lake Hubbard. The entitled uses include multi-family, mixed-use, retail, townhomes, condo, marina restaurant, and resort. There are approximately $22.65M of PID bonds in escrow immediately available for the horizontal improvements of the property. The Loan to Cost came in at approximately 82%.