HOUSTON – December 9, 2019 – CBA Land Capital (Connor Investment Real Estate’s sister company) 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