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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.

We can acquire entitled or unentitled residential land on your behalf by way of assignment of your purchase contract, subject to a Repurchase and Sale Contract, and hold the land for up to 24 months while you proceed with entitlements, engineering, and off site developments.

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.

We can acquire finished lots by way of a Purchase and Sale Contract, or by way of an Assignment of your Purchase Contract, and resell the lots to you by way of Option Agreement over a 36 month term. The Option Agreement will provide for minimum monthly or quarterly lot take downs.

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

We can acquire paper lots and/or partially completed lots on your behalf and provide the subdivision development financing to complete the subdivision improvements to enable you to purchase finished lots by way of Option Agreement pursuant to an agreed upon lot take down schedule over a 36 month term. The Option Agreement will provide for minimum monthly or quarterly lot take downs.

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 can provide debt and equity financing to residential lot developers who own residential land with construction plans approved ready to commence construction with homebuilder contracts in place to purchase finished lots upon completion of construction.

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.