Publicly traded diversified homebuilding and land development
company, Green Brick Partners, Inc. (Nasdaq:GRBK) is excited to
announce a newly developed affiliated business arrangement with
PrimeLending (NMLS 13649).
This prestigious partnership has formed new
residential mortgage lender, Green Brick Mortgage, LLC. The company
plans to begin offering home loan solutions in the DFW metroplex in
early fall 2018, and will begin servicing other markets in the
fourth quarter of 2018.
“Green Brick Mortgage will allow us to expand
our financial services platform with a very experienced partner and
provide our homebuyers a seamless home buying experience from
purchase contract, to loan approval, to closing with our 100% owned
Green Brick Title subsidiary,” said Jim Brickman, CEO of Green
Brick Partners.
Green Brick Mortgage will offer an extensive
range of home loan options and is excited to help aspiring
homebuyers achieve their homeownership goals.
Recruiting for leadership, loan origination, and
operations staff positions for this new PrimeLending affiliate is
currently in progress.
“We’re thrilled about our new relationship with
Green Brick Partners. Their collective strength, reputation, home
building prowess and dedication to serving their community displays
just how impressive they are as a builder, award-winning developer,
and business partner,” said Mike Matthews, Senior Vice President of
Joint Venture Sales and Support at PrimeLending. “Backed by our
powerhouse team at PrimeLending, Green Brick Mortgage has a solid
foundation and the building blocks for success.”
For more information about Green Brick Mortgage,
please contact Mike Matthews at 972-852-8238 or
mmatthews@primelending.com.
About Green Brick Mortgage,
LLCGreen Brick Mortgage offers a comprehensive range of
home loan solutions in the Dallas-Fort Worth metroplex.
PrimeLending Ventures Management, LLC, owns a 51% interest in Green
Brick Mortgage, LLC, and a 49% minority interest is owned by
GRBKMP, LLC, an affiliate of Green Brick Partners, Inc.
PrimeLending Ventures Management, LLC is a wholly owned subsidiary
of PrimeLending, a PlainsCapital Company (NMLS: 13649) Green Brick
Mortgage is a member of the Hilltop Holdings Inc. (NYSE:HTH) family
of companies. Equal Housing Lender.
About Green Brick Partners,
Inc.Green Brick Partners, Inc. (NASDAQ:GRBK) is a
diversified homebuilding and land development company. The Company
acquires and develops land, provides land and construction
financing to its controlled builders and participates in the
profits of its controlled builders. Green Brick owns a controlling
interest in four homebuilders in Dallas, Texas (CB JENI Homes,
Normandy Homes (a division of CB JENI Homes), Southgate Homes, and
Centre Living Homes), as well as a homebuilder in Atlanta, Georgia
(The Providence Group) and a homebuilder in Port St. Lucie, Florida
(GHO Homes). Green Brick also owns a noncontrolling interest in
Challenger Homes in Colorado Springs, Colorado. The Company is
engaged in all aspects of the homebuilding process, including land
acquisition and development, entitlements, design, construction,
marketing and sales and the creation of brand images at our
residential neighborhoods and master planned communities. For more
information about Green Brick Partners Inc.'s homebuilding
partners, please visit
https://greenbrickpartners.com/team-builders/.
About PrimeLending
PrimeLending, a Dallas-based residential mortgage originator with
locations in 41 states, has listed in the top 10 for four
consecutive years as a top mortgage lender in the nation in
purchase units. PrimeLending is licensed to originate and close
loans in all 50 states. Founded in 1986, PrimeLending is a member
of the PlainsCapital Corporation family of companies. PlainsCapital
is a wholly owned subsidiary of Hilltop Holdings (NYSE:HTH). Find
more information at www.primelending.com. Equal Housing Lender.
Forward-Looking
Statements
Any statements in this press release about Green Brick’s
expectations, beliefs, plans, objectives, prospects, financial
condition, assumptions or future events or performance that are not
historical facts are forward-looking statements. These
statements are often, but not always, made through the use of words
or phrases such as “may,” “will,” “should,” “could,” “would,”
“predicts,” “potential,” “continue,” “expects,” “anticipates,”
“future,” “outlook,” “strategy,” “positioned,” “intends,” “plans,”
“believes,” “projects,” “estimates” and similar expressions, as
well as statements in the future tense. These statements are based
on assumptions that Green Brick has made in light of its experience
in the industry as well as its perceptions of historical trends,
current conditions, expected future developments and other factors
it believes are appropriate under the circumstances. Accordingly,
all such forward-looking statements involve estimates and
assumptions that are subject to risks, uncertainties and other
factors that could cause actual results to differ materially from
the results expressed in the statements. Among the factors that
could cause actual results to differ materially from those
projected in the forward-looking statements are the following:
general economic conditions, seasonality, cyclicality and
competition in the homebuilding industry; demand for real estate
investments in the geographic markets in which we operate; our
ability to successfully manage and integrate acquisitions;
significant inflation or deflation; labor and raw material
shortages; the failure to recruit, retain and develop highly
skilled and competent employees; an inability to acquire land
suitable for residential homebuilding at reasonable prices; an
inability to develop and sell communities successfully or within
expected timeframes; risks related to regulatory approvals and
government regulation; the interpretation of or changes to tax,
labor and environmental laws and regulations; volatility of
mortgage interest rates; the unavailability of mortgage financing;
the occurrence of severe weather or natural disasters; risks
related to future growth through strategic investments, joint
ventures, partnerships and/or acquisitions; the inability to obtain
suitable bonding for the development of housing projects;
difficulty in obtaining sufficient capital; the occurrence of a
major health and safety incident; poor relations with the residents
of our communities; information technology failures and data
security breaches; product liability claims, litigation and
warranty claims; our debt and related service obligations; required
accounting changes; an inability to maintain effective internal
control over financial reporting; and other risks and uncertainties
inherent in our business. Additional factors that could cause
actual results to differ from those anticipated are discussed in
the "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" in the Company's
annual and quarterly reports filed with the Securities and Exchange
Commission. Because the factors referred to above could cause
actual results or outcomes to differ materially from those
expressed or implied in any forward-looking statements made by
Green Brick, you should not place undue reliance on any such
forward-looking statements. Further, any forward-looking statement
speaks only as of the date of this press release, and Green Brick
undertakes no obligation to update any forward-looking statement to
reflect events or circumstances after such date.
Contact: Shalott CecchiniMarketing Manager(T)
469-573-6741scecchini@greenbrickpartners.comwww.greenbrickpartners.com
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