‘Fund For Builders’ Plans Third Investment FFB has collectively invested ove $40 million with six builders in 10 states
RISMEDIA, July 28, 2006—Robert A. Judelson and Jerry M. Reinsdorf report growth plans on behalf of The Fund For Bulders, LP (FFB), which is planning its third Fund under its corporate umbrella.
Established in April 2005, FFB provides sale and leaseback financing for model homes to builders of single-family homes across the United States. 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 400 Skokie Blvd, Ste 580; Northbrook, IL 60062; 847.498.6400.
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.
About Tim Lyons
Appointed CFO, Tim Lyons’ background includes over 20 years of experience in financial reporting and analysis within the real estate industry. Most recently with Grubb and Ellis, Lyons’ responsibilities included the financial structuring of mergers and acquisitions and providing financial support for the company’s owners and creditors.
Prior to that, Lyons spent 12 years at The Balcor Company, one of the nation’s largest real estate investment firms which was sold to American Express. There, Lyons held a number of accounting and finance positions.
Lyons received his BS from The University of Illinois at Urbana-Champaign; and his Master of Management degree from Northwestern University’s Kellogg Graduate School of Management. Lyons is a Certified Public Accountant.
About David J. Reinsdorf
Appointed Vice President-Asset Management, Reinsdorf oversees the due diligence reporting and asset management on behalf of FFB.
Reinsdorf’s extensive knowledge of the Residential New Construction industry includes 20 years of experience in finance, construction and marketing.
His background also includes the oversight of the construction and rehabilitation of over 250 low income housing apartments with a projected total budget of over $50 million dollars financed by Federal, State and Private sources. Reinsdorf has also performed the asset management functions for a homebuilding mezzanine boutique lender with over $20 million in investments for projects with a market value of over $200 million dollars. Previous to his Residential Real Estate undertakings, he was an Assistant Vice President at LaSalle National Bank in Chicago.
Reinsdorf has a Bachelor of Science in Business Administration from American University in Washington, D.C. and is the proud father of four children.
For more information on The Fund For Builders, 400 Skokie Blvd. Ste 580; Northbrook, IL 60062; Telephone: 847.498.6400. |
