First Continental closed on the largest loan in its 30-year history for Johnson Development Services, which will use the $41.8 million loan to develop a master-planned community in Hockley.

The project was financed through First Continental’s new master-planned community fund and represents the ninth collaboration with Johnson Development Services. The new 318-acre community will feature over 1,000 homes and 11 acres of recreation and amenity space, with first deliveries expected in mid- to late 2025.

“We are honored to be collaborating with Johnson Development Services on a project that will have such a long-lasting impact on a community so close to home for us,” John Bonner, president of First Continental, said in a press release. “This project marks a significant milestone for [us], representing our largest master-planned community loan financed to date.”