LFB Ventures

Recent Closing | $9,450,000 Financing Acquisition & Predevelopment Loan for a 386-unit Community Palm Springs, CA The LFB team was engaged by a repeat client to secure acquisition and predevelopment financing for a 386-unit residential community in Palm Springs, CA. At time of closing, the property had an approved tentative map and development agreement, but needed to complete final engineering prior to commencing lot dispositions. The property, previously the Palm Springs Country Club, is a defunct golf course that was originally developed back in the 1950’s. Prior to closing, our client and the seller perfected the entitlements with the execution of an updated Development Agreement. LFB continues to work with this client on the acquisition and development of master planned communities through California. #LFB #LFBventures #capital #debt #equity #advisors #palmsprings #masterplan #residential #community #development #BTR #homebuilding

We are pleased to announce the addition of Rory O'Connor to the LFB Ventures team. Rory joins us as a Director in our New York office, alongside Jeremy Michaelson. Rory comes most recently from Lee & Associates, and before that was with Douglas Elliman Commercial, Uptown Realty Group, Artemis, and Onyx Equities. Welcome to the team, Rory. We are excited for the impact you will make on LFB's east coast growth. #LFB #LFBventures #newhire #growth #eastcoast #newyork #capital #debt #equity

Recent Closing | $28,690,000 Financing Acquisition, Development, & Construction Loan for 82 Luxury Homes Rancho Mirage, CA Our team was engaged by a repeat client bringing high-quality for-sale residential projects to communities across the Mountain West Region, to finance the development and construction of several projects. The subject project, comprised of an 82-lot subdivision in a final map ready-to-record condition, will target luxury move-up buyers in the Coachella Valley. The project will offer high-end finishes paired with neighborhood amenities including a pickleball court, basketball, and dog park with residential lots ranging in size from 9,000 SF up to 17,500 SF. LFB is actively building a programmatic relationship with capital around this Sponsor for the acquisition and build out of their extensive pipeline of future communities. #LFB #LFBventures #financing #capital #homebuilder #ranchomirage #palmsprings #development #construction #land

Recent Closing | $21,995,524 Financing  Development & Construction Loan for 82 BTR Homes Bluffton, SC   LFB was approached by a growing development team, bringing high-quality build-for-rent projects to multiple communities in the Southeast, to finance their development and construction of several projects. This subject project represents the group’s second build-for-rent community and will feature 82, three-bedroom townhomes. Targeting “renter by choice” tenants, the project offers high-end finishes paired with a full set of premium amenities, including a clubhouse with co-working and lounge space, a fitness center and outdoor yoga studio, a large dog park, and a putting/chipping green. The site’s size allowed the developer to balance the significant amenity package with acres of green space. The project was fully zoned and entitled when presented to our team. LFB is actively building a programmatic relationship with capital around this sponsor for the build out of their extensive portfolio. #LFB #LFBventures #BTR #BFR #southeast #financing #development #land #construction #rent #homebuilder #southcarolina

Recent Closing | $11,642,725 Financing Recapitalization & Funding for Remaining 36 Homes Valley Center, CA A repeat borrower approached LFB with a request to recapitalize their existing project and complete the remaining 36 single family homes. This project represented the affordability component of a 623-unit master planned community in northeast San Diego County. The sponsors had already completed and sold the first 16 units in phase 1, but were in need of vertical construction financing to complete phases 2 and 3. LFB Ventures was able to provide the sponsors with a $11,642,725 loan to retire the existing construction debt and fund the remaining construction costs for 36 homes. LFB was also able to navigate complex title issues since construction had already begun. Additionally, LFB was able to re-negotiate a subordination agreement with a current junior lender. The project will offer 3 bed/2.5 bath units with an average home size of 1,450 square feet. The units will be offered to new owners who qualify at 80%-120% of the area median income. #LFB #LFBventures #capital #debt #equity #construction #financing #land #housing #sandiego #masterplan #affordablehousing

Recent Closing | $8,417,000 Financing Cash-out Construction Completion Seattle, WA LFB was engaged by a new borrower to recapitalize a 9-Unit, for-sale townhome project in Seattle, Washington. At time of funding, the project was already owned, 60% of construction had been completed, but underlying construction loan was set to mature due to delays. Based on the borrower’s strategic acquisition and value creation during life of ownership, LFB was able to get the owner cash out of the project as well as refinance the project at a 9.5% rate. The project consists of 9 townhomes with each townhome averaging 1,800 square feet. We continue to secure land, land development, and vertical construction financing for homebuilders and developers nationwide. We are also active in workouts, construction completion, and note sales. Please reach out with any financing needs. #LFB #LFBventures #construction #financing #debt #equity #refinance

Recent Closing | $9,031,095 Financing Construction Loan for 27-unit BTR Community Kuna, ID   LFB Ventures was approached by a repeat client who needed development and construction financing to complete a 27-home single family BTR community in Kuna, ID. With the property already owned, and site work ready to commence, LFB was able to act quickly and complete the financing with no additional equity required by borrower.   The project consists of 27 single family homes that will be built, leased, and stabilized before being refinanced into long term debt. The community will offer one and two-story homes, with square footage ranging from 1,500 to 2,200 square feet and 3 and 4-bedroom floorplans. #LFB #LFBventures #buildtorent #idaho #debt #equity #construction #financing #development

Recent Closing | $7,500,999 Financing Construction Loan for 3 Luxury Homes San Dimas, CA LFB Ventures was reengaged by a client seeking financing within a 65-estate lot, 277-acre subdivision in the foothills of San Dimas, CA. This, the fourth round of financing, added 3 production homes ranging from 4,700 to 6,200 square feet with a number of options available making these homes semicustom in design. Strengthening the request is the fact that all 3 homes had been presold. Please reach out to our team if you have any land, lot development, or vertical construction financing needs. We are active nationwide, with offices in San Diego, Los Angeles, Dallas, Nashville, and New York. #LFB #LFBventures #capital #debt #equity #housing #land #construction #luxury #development #subdivision #financing

Recent Closing | $2,000,000 Financing Bridge Loan for Purchase of Subdivision Land La Quinta, CA   A sponsor approached LFB Ventures to finance the purchase, development, and construction of a 34-unit single family home subdivision in La Quinta, CA. The vacant plot of land had a tentative map approved but the sponsor had not yet submitted their development plans to the city for review. The closing date was rapidly approaching, and the sponsor needed quick bridge financing to close on the purchase. Without approved development plans, the project was a bit pre-mature for LFB construction financing. LFB reached out to its capital partner who quickly funded a $2,000,000 bridge loan to help the sponsors purchase the land and provide 12 months to complete and submit their plans to the city. Once the development plans are approved and the project is permit ready, LFB will underwrite a loan to refinance the bridge debt and provide funding for the land development and phase 1 vertical construction. #LFB #LFBventures #land #housing #capital #development #construction

Recent Closing | $13,000,000 Financing Inventory Loan for 20 Townhomes Redondo Beach, CA Our team was engaged by a client seeking inventory financing for a recently completed luxury townhome project in Redondo Beach, CA. The development consists of twenty homes with an average unit size of 2,000 square feet. The developer had a construction loan maturing which required a substantial capital injection to reload term and reserves. LFB was able to structure an inventory loan which recapped the construction loan and got the borrower over $1.5M in cash out ahead of certificate of occupancy. #LFB #LFBventures #redondobeach #townhomes #recapitalization #maturingdebt #inventory #debt #equity #capital