Sparrows Bend Community

Acquisition:

  • Sparrows Bend was locally sourced raw land discovered by our LDI A&D team.
  • LDI partnered with a well-respected builder and private equity firm with a vision to bring to market an amenitized single family development that provides an active coastal lifestyle.
  • This project was funded with a mix of private equity and institutional debt in the form of a traditional A&D loan.

Entitlement & Permitting:

  • LDI led the charge on the 12-month process of establishing companies, performing diligence and securing all local approvals to position the horizontal team to move forward with the land’s highest and best use.

Horizontal construction:

  • Through two 80-lot phase initiatives, LDI Utilities performed all civil contracting and off-site DOT work to bring pad-ready lots to market.

Vertical Construction:

  • In traditional LDI fashion, our team began amenity and entrance construction at the start of the development, displaying the vision of the community from the onset.
  • The preferred builder team, Logan Homes and H&H Homes, hit the ground running with construction of one and two story single family homes with great success.

Sales and Marketing:

  • Through a dynamic sales process, led by the builder team combined with the support of a national real estate firm, each builder saw great success in the sales and marketing of their homes.

Disposition of Asset:

  • All single family homes were purchased direct by consumer who now enjoy all that the Sparrows Bend lifestyle has to offer.

 

Testimonials

Working with LDI and Logan Homes on Sparrows Bend was AWESOME! Representing their quality built homes only makes our job easier to sell. The homeowners were very happy and the homes were built on time and fantastic. From start to finish, LDI created a community.

Tim Milam President, Coldwell Banker Sea Coast Advantage
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