February 23, 2026

By Mary Beth Gahan

Months before the town council approved a zoning change and master plan amendment to make way for Eden Ranch, the developer defaulted on property loans and filed for bankruptcy, according to court documents.

Tyler Radbourne’s companies, RVFW, LLC and RVFE, LLC, filed for Chapter 11 bankruptcy in January 2025 after defaulting on two loans from Knight Family Ventures. This month, Knight Family Ventures foreclosed on the property again, filed a personal injury suit in Denton County, and listed the property for sale.

The status of Eden Ranch, a 335-acre development geared toward sustainable living, is not known. The property is north of Cross Timbers between Shiloh Road and Red Rock Road.

Radbourne said he could not comment on the development. Knight Family Ventures did not return a request for comment.

On December 27, 2022, Radbourne’s Invision Development FM West borrowed $9.5 million from Knight to purchase 140 acres of what would become Eden Ranch. The same day, Radbourne’s Invision Development FM East borrowed $21.5 million to purchase an additional 197 acres, according to a disclosure statement filed by Knight Family Ventures as part of the bankruptcy filing.

In the subsequent years, Radbourne changed the name of both companies to Radbourne Ventures FM West and Radbourne Ventures FM East.

When Radbourne failed to pay back both loans in late 2024 and early 2025, Knight foreclosed on the properties. Radbourne changed the name of his companies again, according to the court documents, and voluntarily filed on March 3, 2025 for Chapter 11 bankruptcy, which allows for reorganization of a company and puts an automatic pause on foreclosure.

Both parties met and agreed to a timeline to satisfy the debts, which included Radbourne paying $1.02 million by Nov. 15, 2025, another $13.2 million by Dec. 31, and for the town to approve the zoning request for Eden Ranch by Jan. 31.

The Nov. 15 deadline was met, according to the documents. The zoning was obtained on Nov. 3 after a four-hour town council meeting with several speakers who said they were moving to Flower Mound just to live at Eden Ranch.

On the website for Eden Ranch, a map shows that 20 lots have been sold for as much as $1.43 million. It is not clear if any money changed hands, but Denton County Appraisal District records show all land is either owned by companies controlled by Tyler Radbourne or the Knight Family.

Monty Felts, branch manager of CrossCountry Mortgage, spoke in favor of the development at the November town council meeting.

“We have looked at the financials for Tyler and Eden Ranch,” Felts said at the meeting. “They're very strong. We actually flew one of our execs in to meet with Tyler and drive the ranch.”

There are no financial checks as part of a planning and zoning application besides the requirement to provide a list of owners, lenders, and lien holders. Town attorney Bryn Meredith has reminded council members a few times that when making decisions, they can only consider the land itself, not the person asking to develop it.

Asking for financial information or considering a developer’s financial stability during the process could open the town to a lawsuit, said deputy mayor pro tem Adam Schiestel.

After obtaining the zoning change, Radbourne failed to pay the $13.2 million to Knight by Dec. 31, according to the bankruptcy filing. Knight foreclosed on the property this month and listed 300 acres for sale for $47.5 million.

There are nearly 37 acres that are not included in the property listing that were part of the Eden Ranch plans.

Knight filed a personal injury suit in Denton County on Feb. 9 and said that acreage was fraudulently transferred from Radbourne’s companies to himself and his wife, according to court documents.

In the plaintiff’s original petition, Knight said that RVFW transferred a total of 31.8 acres to Tyler Radbourne and his wife Julia in June 2024. Over the next several days, Julia Radbourne gifted her acreage to the TR Legacy Trust, of which Tyler Radbourne is a trustee, according to the court documents. The petition also said Tyler Radbourne executed a special warranty deed with his acreage to the trust, then transferred land from the trust to RF Holdings on the same day.

Two more special warranty deeds were executed to convey land to Invision, LLC and Tyler Radbourne, according to the lawsuit.

“These various transfers were made to insiders,” the petition reads. “Mr. Radbourne retained control of these properties after the transfers, and the transfers were completed through a needlessly complicated series of deeds executed over a short period of time.”

Knight has asked the court to undo those transfers.