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In the spring of 2008, Macfarlan Capital Partners LP, a Dallas-based private real estate investment firm, purchased three Texas resort properties from Centex Homes. In May 2009, Colonial Bank posted notice of foreclosure on $43 million in loans secured by the three properties – The Waters in Horseshoe Bay, The Hollows on Lake Travis, and Pointe West in Galveston. Foreclosure day on June 2 passed without Colonial Bank foreclosing on the Texas properties.