Houston Business Journal
March 13, 2018
The Grand Texas Sports and Entertainment District in New Caney has secured additional funding for projects underway.
North Avenue Capital in Dallas announced March 12 that three USDA Rural Development Business & Industry loans have been completed for Grand Texas. Grand Texas’ Big Rivers Waterpark received a $10 million loan, and its Gator Bayou Adventure Park and Trio Parking each received a $5 million loan, per NAC’s press release.
SME Advisors, a government-guaranteed lending advisory firm based in Dallas, originated the loans and worked on the effort for more than two years, per the release. Joe Geisler, vice president of Guaranteed Lending at AmeriState Bank, was a major contributor to the overall financing structure, and Drew Louis served as lead lender for NAC.
NAC Managing Partner Alex Louis said in the release that the USDA’s “support of the projects has been unwavering.”
“The area north of Houston is ripe for growth, and Grand Texas is leading the charge,” he said in the release. “The new parks will create more than 300 full-time and part-time jobs in this community. It’s rewarding for NAC to partner with USDA, SME Advisors and AmeriState Bank in the financing of the projects.”