Trez Capital Finances Land Acquisition and First Phase of Development of Central Florida Community

Trez Capital Finances Land Acquisition and First Phase of Development of Central Florida Community
Monday, April 26, 2021 by Posted by Haines City EDC

ADDISON, TX – Today, Trez Capital announced the closing of financing to The Keewin Real Property Company for the purchase of 157 acres of land and to fund development of 354 single-family lots in the first phase of Cypress Park Estates. Located at 4975 Baker Dairy Road in Haines City, Cypress Park Estates is a large masterplanned development with community improvements including an amenities center with pool, cabana, playground, large and small dog parks, walking trails and an all-purpose playing field.

Located just under 40 miles southwest from Orlando’s central business district, Cypress Park Estates will have 704 single-family homes, a fountain entry and boulevard, resort style pool, cabana, two dog parks, open area play field, walking trails and two parks complete with playground and reflecting benches. New homes in this community are expected to start in the low $200’s and up, with homes ranging from approximately 1,400-square-feet to 3,000-square-feet.

“The Central Florida region is thriving, especially within the high-growth area of Haines City with the increased demand for single-family lots and new homes in the area,” said Jason Stowe, vice president at Trez Capital. “We look forward to continuing to provide capital resources to Keewin on future development projects, including future phases of this development.”

“This project will establish an entirely new residential corridor between Osceola and Polk Counties, including easy access to I-4 and Walt Disney World. Haines City has been instrumental in working with us to get this project off the ground, and has been great to work with throughout this process,” said Keewin Chairman and Founder, Allan E. Keen. “We immediately received a tremendous response from the market, and have already sold every lot within this community.”

Keen continued, “This is our first opportunity to work with Trez Capital, but it is our goal and intent for Trez to become our major funding partner as we look at numerous other projects in the region. We are already working with Trez on the funding of phases two and three of Cypress Park Estates, which includes an additional 350 lots.”

Four home builders are currently under contract for all of the first phase lots within the development, including D.R. Horton Homes, Lennar Homes, Dream Finders Homes and Park Square Homes.

Keewin has been creating residential communities since 1978 and has developed just under 19,000 lots in the Orlando market, landing the company in the top tier of residential lot developers in Central Florida. The partners of Keewin have a combined experience of over 80 years in the residential land and lot business.

Encouraged by the strong demand, Keewin is actively looking to acquire additional land to expand the Cypress Park Estates community, as well as actively looking for other deals – large and small – in the Central Florida marketplace.

The phase one lots are expected to deliver in August 2021.

For more information about the financing of this deal, please contact Jason Stowe, vice president at Trez Capital at 214.244.4314 or [email protected].