New Fund to Acquire Land for Homebuilding
National Mortgage Professional Magazine, 2019/12/16
Walton Global Holdings Ltd., a Phoenix-based real estate investment and land asset company, is launching its first Builder Option Land Development fund (the BOLD Fund) with an investment objective of acquiring land for future sale to homebuilders.
According to the company, the fund will acquire properties identified by large volume homebuilders for near term residential development projects through a predetermined exit strategy. The land would be sold to those same builders in phases, with an adjustable takedown schedule and flexible payment options. BOLD Fund investors are anticipated to receive annual distributions as homes are developed and sold by the builders, the company added...read more