Providing Capital Solutions and Financial Advisory Services to Residential Land Developers and Homebuilders
Ready to Explore New Possibilities?
We’ll work with you one on one to determine a roadmap to success.
ABOUT US
SwiftEagle Capital, LLC was formed to provide capital and financial advisory services to the residential land development and homebuilding sector. SwiftEagle understands that the homebuilding sector is uniquely vulnerable to numerous micro and macro-economic factors, and is a business that is not very receptive to popular strategies pushed by large consulting firms.
SwiftEagle knows that to truly understand homebuilder risk, and structure capital around these risks, one must have a thorough understanding of builder operations and hands-on experience building this business from top to bottom. SwiftEagle with its in-house experience and access to capital is uniquely positioned to be an invaluable partner to land developers and homebuilders.
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SwiftEagle's client base includes some of the most successful builders in the Southeastern U.S. Since inception in October 2016, SwiftEagle has transacted more $1 billion in senior debt, mezzanine debt, equity, and land sales, predominantly with homebuilders, developers and PE firms. This capital was employed primarily for residential land acquisition and development projects.
SwiftEagle serves as an Independent Representative for First Continental Investment Co., one of the largest residential land A&D lenders in the U.S., and also manages various strategic partnerships and joint ventures with private equity funds and family offices.
SwiftEagle's primary geographical footprint is the Southeastern U.S.; however, it is open to looking at projects in Texas, Arizona, and Colorado.
George Ojanuga
Managing Principal
SwiftEagle is led by George Ojanuga, CEO, whom has 25+ years of experience in finance, real estate and homebuilding operations. George’s relevant work experience began in 1993 as a middle market corporate banker with The Bank of Boston (currently Bank of America) and finishing his career at the bank as a Director in its structured real estate group in 2004. During his time with the Bank, George managed multi-million dollar portfolios of middle and large size companies (private and public). George’s position as a senior lender in the Bank’s structured real estate group provided him with a thorough understanding of business strategy in all real estate asset classes.
In 2004, George became the Vice President of Finance and Treasurer of McCar Homes, one of the largest privately owned homebuilders in the U.S at the time. In this role, George raised substantial amounts of capital to fund operations, construction, and structured numerous off-balance sheet transactions to hold land. In 2006, George became the Chief Financial Officer of PEC Development (“PEC”), one of the largest residential land developers in the Southeast at the time. In this role, George provided the strategic financial vision of the company, evaluating and approving potential land acquisitions, and raising and structuring debt and equity to capitalize land acquisition and development projects.
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In 2008, George formed SwiftEagle Capital to provide capital and financial advisory services to real estate land developers and homebuilders primarily in the Southeast region of the U.S. In this role, George advised several homebuilders and apartment developers and raised capital to fund their acquisition of real estate. As part of this endeavor, SwiftEagle combined with Urban Trends Properties to provide mortgages and affordable housing to emerging markets with support from the Overseas Private Investment Corporation (“OPIC”).
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In 2013, having survived the recession and seeing a unique opportunity in the re-emerging U.S housing market, George as the Chief Financial Officer was instrumental in raising capital from a prominent private equity fund to build Edward Andrews Homes into a leading semi-custom luxury homebuilder in the Atlanta MSA. Having accomplished this goal, George refocused his efforts on SwiftEagle Capital to fill a critical void that exists between the capital markets and residential land developers & homebuilders.
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George received a B.Sc. in Biological Sciences from Rivers State University of Science and Technology, Nigeria in 1988, an MBA in General Business from University of Maine-Orono in 1991, and graduated from Bank of Boston’s Credit Analyst Training program in 1993. He is an active member of North Point Community Church in Alpharetta, Ga. George is married to Kemi and has five children.
Olukemi Ojanuga
Vice President of Operations
Kemi has 20+ years in finance with various positions as a financial analyst, finance manager and finance planning lead. Kemi joined SwiftEagle Capital in 2018 and manages its back-office operations. Kemi’s primary responsibilities include managing billing and collections of revenues from clients, general loan servicing, and the accounting for Swift’s various business interests. Kemi’s work experience began at Mellon Bank (now Bank of New York Mellon) in Boston, MA as a financial reporting manager, and later moved to Atlanta, where she worked at Verizon Communications in several departments performing financial planning analysis and consultant roles in accounting operations, global operations, financial management, and long-range planning in the Enterprise space.
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Kemi is a Certified Corporate Financial Planning and Analysis Professional. She has a BSc. in Economics from the University of Ibadan, Nigeria, and a Masters in Finance from Boston College, Chestnut Hill, MA.
LEADERSHIP
CAPITAL SOLUTIONS
SwiftEagle is uniquely qualified to underwrite and fund residential projects and companies given its expertise in land development and homebuilding combined with its strategic partnership with numerous capital providers.
Typical financing solutions would include the following:
Senior and Mezzanine Debt Land Acquisition and Development Loans
For the acquisition and development of land for the construction of residential homes by a builder/developer, SwiftEagle will arrange senior debt up to 75% of total cost. For very well-located residential land and development projects, SwiftEagle will provide mezzanine debt of up to 25% of the total costs, but not to exceed an aggregate 90% combined LTC. This debt will have a two-year term with two six-month extensions. The land being funded must be under-contract with a reputable homebuilder for the purchase of the developed lots. Actual advance rates and pricing will depend on the financial strength of the builder/developer and quality of the project.
Off-Balance Sheet Land Bank Financing
SwiftEagle can arrange and/or provide Land Banks to hold land/lots for builders. Under this off-balance sheet structure, a third party acquires the land and enters a “Lot Option Agreement” with a builder to acquire the finished lots. The development of the land into developed lots can be done through a third-party developer or the builder themselves.
Program Financing
SwiftEagle can assist builders/developers in securing a funding program (i.e. specifically earmarked funds) with a private equity fund (“PE”) or private investor to minimize the need to source capital afresh for every new project. Under this scenario, SwiftEagle will fully underwrite the developer and present them to a specific PE or investor for consideration.
Strategic Corporate Funding
Do you need capital to reposition your company (such as reducing leverage) to attract conventional bank debt or position yourself for sale or to go public. SwiftEagle can assist you with securing equity or subordinated debt for this purpose.
In all cases, SwiftEagle will first evaluate the land developer or homebuilder to determine their quality as an operator, and secondly, evaluate their project to determine its viability in the target market. Ultimately, SwiftEagle will work with all parties (developer and capital provider) to ensure a mutually beneficial transaction is executed.
SOLUTIONS
SERVICES
ADVISORY SERVICE
SwiftEagle is uniquely qualified to advise land developers and homebuilders on their operations and projects given its homebuilding operations expertise.
The following are various services that SwiftEagle can advise on:
HOMEBUILDING OPERATIONS REVIEW
SwiftEagle can provide a thorough evaluation of a building operation and present strategies to improve performance and profitability. Proposed strategies could allow the operator to attract traditional bank financing and/or position the company to grow market-share and/or position the company for sale.
HAVE A QUESTION OR NEED A QUOTE?
Please Contact SwiftEagle Capital at your convenience for an initial consultation.
We’ll work with you one on one to determine a roadmap to success. We look forward to working with you soon.
4640 Valais Court, Suite 200
Johns Creek, GA 30022
Email: george@swifteaglecapital.com
Direct: 678.456.5323
Office: 404.274.0760