$14,000,000 JV Equity Investment in Oxnard, CA

Landmark completed the complex transaction on behalf of Ravello Holdings, one of California's most experienced developers and builders of quality single-family residential and multifamily projects. Landmark secured a joint venture equity investor to acquire the site, complete land improvements and construct homes. The team representing the client was comprised of Adam Deermount, Managing Director at Landmark Capital Advisors and Tom Farrell, Director of Business Development.

"Coming out of the severe downturn, we have been primarily using internal resources to capitalize our projects. It had come to a point, that in order to meet our growth goals, we needed to expand our capital sources to those more institutional in nature. Landmark Capital approached some select institutional candidates and we were able to consummate a deal with one of the premier residential equity capital providers. Landmark was also able to exhibit that the Oxnard market, which although considered a secondary market, has compelling attributes that make it attractive for an investor," said Phil Ram, Principal at Ravello Holdings.

"We are excited to have helped Ravello Holdings secure equity with a best in class equity provider.  This will help the firm accomplish its strategic growth plan going forward. This project is a great example of Landmark's ability to utilize our strong capital relationships and market knowledge to successfully meet our clients' financing objectives," said Tom Farrell, Director of Business Development at Landmark Capital Advisors.

"Lenders are reticent about lending in secondary markets and even more particular if the project has a large number of lots," said Adam Deermount, Managing Director at Landmark Capital Advisors.

A key aspect of completing this transaction is that Landmark Capital, combined with sister companies Land Advisors and Market InSite, has the unique capabilities and resources to analyze an opportunity, assemble the relevant market data and present the investment opportunity to a qualified investor.

About: Landmark Capital Advisors, a real estate capital advisory firm disciplined in finance and private equity, works with owners, investors, and developers of commercial and residential real estate. Founded in 2011, the company raises real estate capital through institutional, private, and family office investors to finance a wide array of real estate projects. Learn more at www.landmarkcapitaladvisors.com.

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SOURCE Landmark Capital Advisors

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