DLP Capital is pleased to announce our partnership with BRD Land & Investment, the sponsor group behind the 60.83-acre Badin Meadows development site. This 141-lot project is located in Albemarle, NC, a city in Stanly County, NC, roughly 40 miles east of downtown Charlotte.
We have approved a $791,000 refinance loan to support the development of this fully entitled, properly zoned property.
Badin Meadows: A Prime Single-Family Development
Bisected by the Northeast Corridor in East Albemarle, Badin Meadows is a single-family subdivision developed to meet the housing needs of the rapidly growing city. The project’s 41' and 51' wide lots accommodate a range of product types suitable for a wide range of buyers.
Badin Meadows received unanimous site plan approval in October 2021, and all land development permits are expected by the summer of 2022.
Picture source: https://www.brdland.com/portfo...
Our financing will help advance the development process and allow BRD to see the project to completion.
About BRD Land & Investment
BRD Land & Investment is an experienced entitlement and permitting firm focused on delivering residential land development opportunities across the Southeast. Founded in 2018, BRD was established to address a critical gap in the homebuilding process by managing the full pre-development lifecycle—from land identification and acquisition to due diligence, entitlements, and permitting—allowing homebuilders to focus solely on vertical construction.BRD Land & Investment, established in 2018, is a seasoned firm specializing in entitlement and permitting services, with a primary focus on facilitating residential land development projects across the southeastern United States. The company was created to bridge a crucial gap in the homebuilding process by taking on the entire pre-development phase. This includes a wide range of responsibilities, starting from the initial identification and acquisition of land, and extending through the meticulous processes of due diligence, entitlements, and permitting. By managing these complex and time-consuming aspects, BRD enables homebuilders to dedicate their full attention and resources to the core activity of vertical construction, streamlining the overall development process and promoting efficiency within the industry.