Dream Finders Homes, Inc. acquired core homebuilding assets of Crescent Ventures, LLC.
February 01, 2024
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Dream Finders Homes, Inc. (NYSE:DFH) acquired core homebuilding assets of Crescent Ventures, LLC on February 2, 2024. Dream Finders Homes funded the transaction with cash on hand and borrowings under its existing senior unsecured revolving credit facility. Simultaneously with the acquisition closing, Dream Finders Homes paid off Crescent?s vertical lines of credit associated with the assets acquired.
Dream Finders Homes, Inc. (NYSE:DFH) completed the acquisition of core homebuilding assets of Crescent Ventures, LLC on February 2, 2024. JTW Advisors LLC acted as a financial advisor to Crescent Ventures.
Dream Finders Homes, Inc. (DFHs) is a homebuilder company. The Company builds single-family homes throughout the Southeast, Mid-Atlantic and Midwest, including Florida, Texas, North Carolina, South Carolina, Georgia, Tennessee, Colorado, and the Washington, D.C. metropolitan area, which comprises of Northern Virginia and Maryland. The Company has also expanded its operations in Charleston and Greenville, South Carolina, and Nashville, Tennessee. Through its financial services joint ventures, DFH also provides mortgage financing and title services to homebuyers. It provides financial services operations that offers title insurance primarily through DF Title, LLC, doing business as Golden Dog Title & Trust and mortgage banking solutions primarily through its mortgage banking joint venture, Jet HomeLoans, LP. The Company sells homes under the Dream Finders Homes, DF Luxury, Craft Homes, and Coventry Homes brands.