Affordable Financing for Affordable Housing
Spire Residential was formed to address both funding shortages and rental opportunities in the residential development space. Spire Residential focuses on providing debt and equity to lot developers and home builders in the South and Midwest of the United States of America.
Spire Residential believes there is a shortage of affordable homes in the “Starter” and “Next Step” housing sectors. Spire Residential is also a proponent of providing more rental units in the single family space, and an early adopter of the “Build for Rent” concept.
Loan amounts vary from $1mm to $20mm, with exceptions made on either side for good long term relationships. Spire Residential's lending platform aims to deploy capital strategically in the “affordable” home space, delivering both for sale and for rent product needed for the market.