Monmouth County-based boutique investment firm offers direct investments and non-traditional lending opportunities to residential and commercial developers.
BRIELLE, NJ – Homestake Capital, LLC (“Homestake”), a boutique real estate investment firm in Monmouth County, NJ, recently completed a transaction with Liberty Home Builders, a single-family home builder in Texas, by providing them with growth capital.
“We are able to offer our clients the necessary growth capital for their investment projects,” said Michael J. Kokes, Managing Principal of Homestake Capital, LLC. “During our most recent venture with Liberty Home Builders, we provided them the capital needed to move from building homes at wholesale for private equity to a retail focused model (direct to consumer).”
Homestake Capital worked with Liberty Home Builders in order to structure a loan partnership that benefited both parties. Homestake was able to assist the homebuilder via a mezzanine loan used for earnest money deposits, lot and land contracts, and working capital.
“We required funds to cover short-term operating costs as we moved through the startup and delivery cycle,” said Damon Sachs, President of Liberty Home Builders. “We also sought funds for deposit monies for future projects.”
The loan was closed quickly and performed flawlessly, according to Sachs. Homestake’s loan assisted Liberty Home Builders with 409 closings over the course of two years. “Our relationship with Homestake continued to grow over the term of the loan,” Sachs continued. “Michael was very helpful in trying to bring value with his relationships as well as knowledge of the industry, we held bi-annual meetings where our teams are able to collectively work together to help solve any issues that arose.”
For those looking for assistance with capital investments, Sachs notes that Homestake can not only help your business, but also bring the necessary knowledge to the table to help solve any problems that your organization may encounter. “Our experience with Homestake has been very professional and positive,” Sachs said. “We would absolutely work with them again.”
About Homestake Capital, LLC
Homestake Capital, LLC, a boutique real estate investment firm located in Monmouth County, New Jersey, is focused on providing direct investment and non-traditional lending to residential and commercial developers. Homestake further adds value by providing development and building experience to the sponsor or borrower. Homestake’s unique niche is providing capital for projects that are too big for one investor, but too “small” for a traditional institutional investor. To learn more, visit https://homestakecapital.com.