The LFB Ventures team was engaged by a repeat client to arrange senior construction financing for a luxury oceanfront townhome development located along Florida’s east coast. The project features upscale coastal residences with modern architecture, premium finishes, and direct access to the beach—offering a rare combination of privacy and proximity to the shoreline.

The primary objective of this assignment was to structure a cash-neutral transaction, as the sponsor sought to avoid contributing any additional equity into the deal. LFB successfully arranged a financing solution with a lender willing to recognize the land value as equity, enabling the sponsor to move forward with construction without injecting new capital.

From a leverage standpoint, LFB sourced senior debt totaling $5,977,013, representing 75% LTC. The financing is non-recourse and provides sufficient term for full construction and subsequent unit sales.

LFB is actively underwriting additional development and construction opportunities with this client as part of an ongoing relationship.