Project Financing Options
Our business is relationship based and we partner with homebuilders, developers and funding resources to empower homebuilders to grow their business through the use of our financing programs. With the recent demand and competition for residential land and lots, we are certain we can offer a program that will work for you.
The Repurchase and Sale Contract will require the homebuilder/developer to pay a nonrefundable deposit equal to 19% of the Purchase Price at the initial closing, and to pay monthly carry payments at rates to be agreed.
The Option Agreement will require the homebuilder/developer to pay a nonrefundable deposit of up to 20% of the total Purchase Price at the initial closing to be credited pro rata at each lot purchase
The Option Agreement will require the builder/developer to pay a nonrefundable deposit of up to 19% of the total of the initial land cost plus the total development cost to be credited pro rata at each lot purchase, and to pay monthly carry payments at rates to be agreed. We will enter into a Maximum Price Construction Contract with the builder/developer to complete the subdivision improvements based upon an agreed upon construction budget. The Construction Contract will provide for monthly construction advances.
We have also provided land bank services to the lot developers by land banking the homebuilder’s bulk purchase requirement by acquiring the finished lots from the developer upon completion on behalf of the homebuilders and re selling the finished lots to the homebuilders pursuant to our finished lot land bank program.