Returns Built From the Ground Up

Building Value From the Ground Up

Stokes Capital Management provides the capital that Southeast developers need but can no longer access. Traditional banks have largely exited horizontal A&D lending, leaving regional developers without financing for land acquisition, entitlements, and infrastructure. We fill that gap, funding every phase of horizontal development from raw land purchase through builder-ready lot delivery.

Based in Jacksonville, Florida, our deal flow comes directly from a developer network built over six decades across the Southeast. Developers bring us opportunities before they reach the open market. We deploy capital, they execute development, and we share in the profits, a structure that has delivered consistent, proven results across 19 private A&D transactions.

Investment Thesis

• Banks have exited horizontal A&D, creating a capital gap and premium returns for private capital
• Dual-income deal structure: 100% land financing at 8-12% accruing interest plus 50/50 JV equity with developer partners captures both lending income and development upside
• 60-year developer network delivers anticipated off-market deal flow before opportunities reach the broader market
• Secured first-lien position on underlying land assets provides downside protection throughout the development cycle
• Horizontal value creation: primary focus on entitlement and infrastructure to capture upside before vertical construction risk begins
• Southeast population growth and persistent housing undersupply across FL, GA, NC, SC drive sustained lot demand