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Houston, TX - $32,000,000 |
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Residential Land - 2244 acres The Problem: Major developers, public and private seek off-balance sheet financing for leverage and to improve their books. Many sources for Landbanking (OBS) have dried up due to current market conditions. The Story: A major builder sought off balance sheet financing. The structure funded 100% of the builders purchase price and preliminary development costs. Loan was secured by the land and a purchase option agreement. LFG Solution: There is a separate program to provide major landbanking (OBS) services $10M to $150MM
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