A Toronto real estate finance company has closed a $5.3 million land banking transaction in Atlanta for a large national homebuilder.
The deal closed April 16 was the first in Atlanta for Terra Firma Capital Corp., according to a company statement. The location of the land and the name of the homebuilder client were not disclosed.
The land banking transaction was partially funded with available cash balances. According to the company, land banking is a financing product provided primarily in…
