Sétanta Development Capital, a supplier of financing for residential real estate secures $100million in credit facility from Victory Park Capital. The money will be used by the business to help with development financing for developers of residential land as well as acquisitions.
Under the direction of CEO John Curry, Sétanta Development Capital offers loans for the acquisition and development of residential real estate across the country. The amount of loans is $1 million to $80 million.
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Before selling to homebuilders, it enables developers to buy land and make horizontal improvements such grading, installing utilities, and paving. Townhomes and single-family homes are among the final goods.
John Curry said: “This financing will support our efforts to provide developer-friendly capital and, in the process, support the growth of the U.S. housing market.”
About Setanta Development Capital
Setanta Development Capital offers non-recourse, high LTC loans for the development and purchase of residential real estate around the country. Their loan amounts range from $1 million to $80 million, and the typical time to close is less than 60 days.
