Land Bank Term Sheet
Our aggressive private landbank partnership seeks to control $1 Billion of lots, through Landbanking for builders, as well as purchasing lots from developers and JV's in Texas. Our competitive advantage is that our funds are private, as opposed to institutional, thus we are open to all financial structures.
Landbanking - Off Balance Sheet Financing
- 100% financing, with 10-19.5% deposit, which can even be Letter of Credit!!!
- NON-Recourse
- Prime plus 3-6%, interest may be accrued
- $5-$100 Million
- Private Capital with Flexible Structuring
- Can even purchase entire project, develop entire community, then offer lots back to builder through landbanking/OBS program
Lot Purchase (Factoring) for Developers
Immediate
purchase of developer's contract to builders enables:
- Cash out your lots to pay off expensive equity or recapture your own equity to invest in a second project
- Quickly stabilize your portfolio if overextended
- Provide cash to pay taxes
- Minimize market risk:
- Approximately 5% per year
- $5-$100 Million
- Settle in 3 weeks
Our hybrid landbank/lot purchase program for developers works with two groups, the ones that want to quickly monetize their lots to go into another project without an equity partner, and borrowers that need to quickly monetize or are bootstrapping from 50 to 500 lots.
Please call us at 202.244.3000 to chat about structuring or just to "pick our brains."
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