Charlotte, N.C.— Sétanta Development Capital, a Charlotte based residential real estate finance company, announced today that it had originated nine loans totaling over $150 million during the fourth quarter. This more than doubles the number of loans originated during the previous quarter.
Sétanta, which provides acquisition and development (A&D) financing for residential land developers, is national in its footprint. Loans originated during the quarter include an $11 million loan in Houston, TX for entry level and affordable housing and a $6 million loan in Raleigh, NC for a build for rent community.
John Curry, Sétanta’s Chief Executive Officer, commented, “We know from our experience developing communities that there is a deep need for smart, developer-friendly capital, and we are delighted to have worked with so many high quality developer groups over the course of this year. We have a great team and product here at Sétanta, which is a combination the market clearly responds well to. We can already project that the first quarter of 2022 will exceed this quarter’s activity, and we expect to continue to build from there.”