News Releases

Trez Capital Funds Development Loan for New D.R. Horton Community Near Orlando

May 04, 2021

ORLANDO/PALM BEACH, FL – Trez Capital, a private real estate lender helping to create quality projects across North America, funded a $2.995 million development loan for a new residential community north of Orlando.  The borrower, Leesburg Development III, LLC, will use the proceeds to build out 100 single-family home lots that have all been pre-sold to D.R. Horton.  Over the past six months, Trez has funded nearly $20 million worth of lot development in Central Florida.

The 19-acre development known as Lake Griffin is in Leesburg, a town located near Florida’s Turnpike in Lake County.  In late 2020, Trez funded a $4.6 million loan for the same borrower to develop 141 single-family lots in DeLand, Florida that were also presold to D.R. Horton.  In March, Trez financed two lot developments near Kissimmee and Lakeland for Orlando-based Avex Homes.

“The demand for housing in secondary and tertiary markets in Central Florida remains strong,” said Trez Capital Vice President Ben Jacobson, who originated all four loans with Brett Forman, Executive Managing Director, Eastern U.S.  “That is why we see short-term financing of lot development in the region as a safe bet.”

“We continue looking for more of these lot development opportunities in Central Florida, where new home supply is at a 15-year low,” said Forman.  “The only thing slowing construction is a shortage in raw materials, but we are still very bullish on the region.” 

Trez Capital provides short-term debt and equity financing typically between six months and 36 months in term ranging from $5 million up to $100 million in loan value.  

About Trez Capital

Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt financing solutions in Canada and the United States. Trez offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured, high-yield mortgage investment funds, and provides property developers and owners with quick approvals on flexible short- to mid-term financing.

With offices in Vancouver, Toronto, Dallas, Atlanta and Palm Beach, Trez Capital has over $4.1 billion in assets under management and has funded over 1,500 transactions totaling more than $12 billion since inception. For more information, visit