We are relationship-driven, seeking repeat business with successful companies. With a management team comprised of executives from leading builders and financial institutions, Hearthstone understands what it takes to successfully execute a homebuilding project. The advantages of developing a relationship with Hearthstone include:

• Reliable source of capital throughout market cycles
• Flexible deal structures designed for homebuilding companies of any size
• Non-recourse capital
• Funding available for up to 100% of project costs

Hearthstone's builders include some of the largest builders listed on the New York Stock Exchange as well as builders who construct fewer than 100 homes a year. Strong relationships with outstanding builders and developers are critical to Hearthstone's success.

Hearthstone applies exacting standards in selecting its builders and developers. Hearthstone only considers projects after their sponsors have been prequalified to participate in the company's program. The company targets builders and developers who are looking to establish a long-term relationship with Hearthstone. Well over half of Hearthstone's investments are repeat transactions with the same builders.