Marvida Lots

Connor Investment Real Estate closed on the Lot Bank structure for Marvida Lots on August 29th, 2022. CIRE is providing a privately held homebuilder with off-balance sheet financing for purchase of 56 vacant developed lots in a master planned development by Starwood Land, formerly Land Tejas. CBA Lot Inventory II purchased the lots to hold allowing the homebuilder to repurchase lots on an as needed basis. The homebuilder provided Earnest Money for the purchase of the lots securing their option to repurchase the lots and allowing CBA Lot Inventory II to purchase the lots at a discount. The homebuilder will be required to repurchase a minimum number of lots per calendar quarter.