Builders fund planning third financing venture.Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. A. Judelson and Jerry M. Reinsdorf report growth plans on behalf of The Fund For Bulders, LP (FFB FFB Fürstenfeldbruck (German auto license plate) FFB Foundation Fighting Blindness FFB Food from Britain (UK strategic international food and drink export marketing consultancy) ), which is planning its third Fund under its corporate umbrella. Established in April 2005, FFB provides sale and leaseback sale and leaseback The sale of a fixed asset that is then leased by the former owner from the new owner. A sale and leaseback permits a firm to withdraw its equity in an asset without giving up use of the asset. Also called leaseback. financing for model homes to builders of single-family homes across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . FFB affords builders a stronger position with the lending and investment community by allowing them to create simplified balance sheets. Additional news includes the appointment of Tim Lyons as chief financial officer; the appointment of David Reinsdorf as vice president-asset management; and the opening of a new office at Northbrook, IL. To date, FFB has two separate funds under its corporate umbrella, which, collectively have invested over $40 million with six builders developing homes in 10 states throughout the U.S. Targeting primarily new developments and sub-divisions, FFB typically invests in homes ranging in price from $150,000 to $350,000. Among the new services to be offered by FFB are financing and joint ventures for land acquisitions and single-family subdivisions. The primary business of FFB is to purchase and leaseback A transaction whereby land is sold and subsequently rented by the seller from the purchaser who is the new owner. model homes built by prominent homebuilders. In addition, FFB will participate in joint ventures of subdivision development. |
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