HOUSTON – December 9, 2019 – CBA Land Capital closed December 6, a lot banking deal with two Houston-area homebuilders. Together, Westin Homes and Shea Homes secured 59 lots in Balmoral, a Land Tejas development.
“Lot banking allows our homebuilder partners to secure prime inventory now for future construction without incurring financial strain that could restrict rather than promote growth,” said Paul Connor, Principal and Founder of CBA Capital. “Deals like this present the best of both worlds for builders who are implementing aggressive growth plans.”
Balmoral is a 750-acre lifestyle community located just off North Sam Houston Parkway and Woodland Hills Drive in Humble, TX. Balmoral is home to the first Crystal Lagoon in the state of Texas and is planned to include 2,000 homes at completion.
Requirements for a traditional financing structure can stretch a company’s capital resources and balance sheet to its limits. CBA Land Capital is a non-traditional lender that works to alleviate capital and resource strains placed on homebuilders. CBA Land Capital helps secure prime locations, manage cash flow and leverage costs by working as partners with their clients to structure projects based on a client’s needs.
ABOUT CBA LAND CAPITAL
Headquartered in Houston, CBA Land Capital works with residential developers and homebuilders primarily in south-central Texas to assist and provide capital structures allowing for acquisition and development of land and lots. The team’s understanding and knowledge of land development, local market conditions and capital markets provides a unique combination of skills to assist with structuring a project. For more information, please call 281-602-0600 or visit www.CBALandCapital.com.
ABOUT WESTIN HOMES
For more than 25 years, Westin Homes has designed and built sophisticated, high-quality homes in some of Houston’s most desirable communities, including Cypress, Spring, Kingwood, Katy, Stafford, Sugar Land, Pearland, League City, The Woodlands, Richmond, Rosenberg, Missouri City, and more. With a stunning selection of luxurious, beautifully appointed homes to choose from and an unparalleled attention to detail, Westin Homes has built a reputation for building homes of exceptional quality and design in highly desirable communities. https://westin-homes.com
ABOUT SHEA HOMES
Shea Homes opened operations in Houston in 2014. Today the company has locations in six of Houston’s finest master-planned communities. While relatively new to the Houston market, Shea Homes one of the largest privately-owned home builders in the country having closed more than 100,000 homes nationwide.http://www.sheahomes.com