CBA Land Capital Closes Lot Bank Deal with Gehan Homes in Lago Mar Development
Financing Venture With Home Builders Secures Key Lot Position Within Top Master-Planned Community
HOUSTON – November 7, 2019 – CBA Land Capital, a firm focused on lot banking for proven homebuilders, closed October 23 a lot banking deal with Gehan Homes consisting of 55 lots in Lago Mar, a Land Tejas development. Lago Mar is a 2,033-acre master-planned community in Texas City, located in the rapidly growing Galveston-Clear Lake corridor. At completion, Lago Mar will have approximately 4,000 homes.
“Lot banking will allows Gehan Homes to secure inventory for future construction,” said Paul Connor, Principal and Founder of CBA Capital. “We are pleased be a part of Gehan Homes Houston growth plan.”
In a lending environment where the requirements for a traditional financing structure can stretch a company’s capital resources and balance sheet to its limits. Securing land or lots in the market is crucial to a homebuilder’s ability to grow. CBA Land Capital is a non-traditional lender and offers a structure to alleviate capital and resource strains placed on homebuilders.
CBA Land Capital helps homebuilders 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 GEHAN HOMES
For more than 25 years, Gehan Homes has been building in communities across Arizona and Texas. With offices in Houston, Dallas, Austin, San Antonio and Pheonix, Gehan is the 14th largest private homebuilder in the United States. Gehan has been recognized with accolades and awards for our outstanding floor plans, superb design and industry-leading customer service. www.gehanhomes.com