Trez Capital will provide financing for Preservation Creek, a new master-planned community located 30 miles south of downtown Houston in Alvin. W Land Development broke ground on the project after the deal was closed.

The first phase of development includes over 700 homesites across 367 acres. Plans for the community at large include 5,700 residences, including single-family houses, build-to-rent homes and multifamily properties, plus commercial and retail spaces, amenities, an elementary school and over 500 acres of creeks and water features.

“Preservation Creek represents the kind of thoughtfully planned, large-scale residential development that aligns with the long-term housing demand we’re seeing across the Houston MSA,” John Hutchinson, co-CEO and global head of origination for Trez Capital. “Our financing supports the creation of essential infrastructure that will enable phased growth over several years.”