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Beyond the Bank: Leveraging Municipal Products in the Capital Stack

  • RBC Capital - Suite 3600 609 Main Street Houston, Texas, 77002 United States (map)

Join us on October 16, 2026, from 11:00 AM – 1:00 PM (CDT) for a Lunch & Learn hosted by RBC Capital.

This session, β€œBeyond the Bank: Leveraging Municipal Products in the Capital Stack,” will feature Leslie Cook, Director at RBC Capital, and will explore how MUD bonds and other municipal financing tools fit alongside equity, bank loans, and infrastructure spending.

The discussion will focus on one of the biggest challenges developers face: timing. Developers often fund water, sewer, drainage, and roadway infrastructure upfront, with MUD reimbursements arriving later as homes are built and bonds are issued. Leslie will break down what drives that reimbursement timeline, including district borrowing capacity, interest rates, and market timing, and how those factors can impact project cash flow and returns.

Attendees will gain insight into:

  • How to build MUD reimbursements into a project’s financing plan

  • How municipal financing fits within the broader development capital stack

  • How district borrowing limits can impact reimbursement timing

  • How interest rates and bond market timing affect cash flow and returns

  • When to involve a financial advisor and the broader project team

This session is designed to provide valuable perspective for developers, builders, finance professionals, engineers, and land professionals involved in infrastructure planning and project capitalization.

Lunch Provided. RSVP Required.

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September 16

Land Banking & Development Capitalization: How the Capital Stack Is Changing

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November 11

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