NEW YORK (PRWEB) January 09, 2019
STAC Capital Management (“STAC”) today announced an agreement with Land Advisors Organization (“LAO”), in conjunction with Land Advisors Capital (“LAC”), to be the exclusive agent to market STAC’s Model Home Sale Leaseback Program. STAC was formed in early 2018 by real estate finance veterans focused on residential property financing opportunities, including model home purchases, with a goal to purchase or finance over $1 billion of these assets. Land Advisors Capital negotiated the partnership and will take the lead on the rollout of the program to all Land Advisors offices across the nation.
Today's most profitable homebuilders are asset light and turn their capital multiple times per year. Model homes consume significant credit facilities and equity capital and by utilizing the STAC Model Home Sale Leaseback Program they have the opportunity to free up capital and reduce the risk of holding these assets on their balance sheet. This allows builders to efficiently use their capital with non-recourse financing and focus on their core business.
“We are delighted to work with Land Advisors on this product offering. The talented team of brokers at LAO will help us meet financial goals and expand our footprint with homebuilders,” said Edward Steffelin, President of STAC. STAC and LAO will roll out the Model Home Sale Leaseback Program to the LAO regional offices across the nation this month. Greg Vogel, CEO of Land Advisors, commented, “We look forward to working with STAC to provide a financing solution that adds value and growth opportunities to our homebuilder clients. LAO will continue to develop partnerships with firms like STAC that will enhance the company’s offerings to provide an “End to End” solution for our clients.”
About STAC Capital - The senior management average over 20+ years of industry experience. As part of its investment strategy, STAC will offer select builders the opportunity to sell and leaseback portfolios of model homes. In 2018 STAC began to partner with a number of institutional capital sources to offer these homebuilders over $1 billion in growth capital. Please see http://www.staccap.com for more details.
About Land Advisors Organization - Founded in 1987, Land Advisors Organization is the nation’s largest brokerage firm focused exclusively on land. We specialize in innovative land brokerage through deep market insight and unparalleled client relationships. Land Advisors Organization integrates current comprehensive information, cutting-edge technology and geographically specialized professionals to help our clients identify and capitalize on valuable opportunities in all kinds of economic environments.
Land Advisors Organization employs a true collaborative brokerage model with offices located throughout the nation. For more information, visit Land Advisors Organization at http://www.landadvisors.com, Land Advisors Capital http://www.landadvisorscapital.com follow us on Twitter at https://twitter.com/landadvisors, visit http://www.facebook.com/landadvisorsorganization or find us on LinkedIn at http://www.linkedin.com/company/land-advisors-organization.
About Land Advisors Capital - Land Advisors Capital provides capital solutions and strategic financial relationships to real estate developers, property owners and capital providers. Founded in 2008 and bringing together an executive team with collective experience spanning several real estate cycles, our mission is to help our clients close real estate transactions. For more
information, visit http://www.landadvisorscapital.com. Commercial Mortgage Banking License # CBK0927929