Building on the success of raising equity and debt for homebuilders and land developers, the Principals of Landmark Capital, previously Land Advisors Capital of California, are pleased to announce a new appointment and a corporate rebranding to reflect our expanded focus into the commercial sector. This broader platform is:
Adept at complicated transactions including entitlement, ground-up construction, partnership recapitalizations and adaptive re-use projects
Highly experienced at raising and structuring equity from a diverse array of sources, including difficult to access HNW and family office investors
Join us in welcoming David Kidder as managing director, joining Steve Sims and Adam Deermount as part of our corporate expansion.
Economic news in Southern California’s Inland Empire appears to be looking up these days. But is the homebuilding recovery here to stay? Is it FacebookOfficial?
Last week, Land Advisors’ Senior Marketing Consultant Doug Jorritsma gave a presentation to a group of professionals regarding the state of the land/homebuilding market in the Inland Empire (Western San Bernardino & Riverside Counties). On board with the wave of social media sweeping our communication style these days, Doug kept the message short, sweet, and direct, highlighting the market facts with a Facebook-like thumbs up or thumbs down. Check ‘em out here…
Unemployment/job generation still a big problem
State financial crisis looms large (Redevelopment Agencies and Schools)
Construction lending still challenging
Number of housing permits is currently 28% of what is was at the market’s peak
The worst is behind us!
Lenders dispositions are done! (Except for the little stuff.)
Most public and private homebuilders will be increasingly active going forward
Single and multi-family building permits are on the rise – (Currently DOUBLE 2009 numbers)
Institutional capital and private equity slowly giving THUMBS UP
No finished lot supply creates a near-term shortage
Land values are slowly trending up
Foreclosure activity is trending down
Five-month upward trend of improving new home sales
Big box industrial gets a doubleTHUMBS UP
Interest rates are to remain low through 2014
Consumer confidence is improving which means retail sales are improving
Apartment vacancies currently at 4% – 6%, rents are up 1% – 5%