News
22
May 22, 2015

Presidio Residential Capital has hired Linda G.H. Prosi, a veteran real estate executive with deep experience in acquisitions, due diligence and portfolio administration

01
May 01, 2015

Meritage unveils 125-home community in Arvada, across from the Apex Center

29
April 29, 2015

Biz Spotlight

21
April 21, 2015

Projects will add new housing to Issaquah and Sammamish

19
March 19, 2015

40.5-Acre Community in Santa Maria, Calif., Offering 120 Homes on Estate-Size Lots, Starting in the $400,000s

Presidio Residential Capital is a real estate investment firm focused on the for-sale housing sector. Headquartered in San Diego, Calif., the firm provides capital in the form of joint ventures for entitlements, development and construction for homebuilding projects throughout the Western United States.

A leading provider of capital to the residential homebuilding and development industry.
 
"Over the past 12 years we have participated together in excess of $150 million in equity transactions involving the development and construction of over $2 billion of real estate. This was accomplished by using Presidio's common sense approach and non-bureaucratic process."
 
-Scott McMillin, Chairman of The Corky McMillin Companies
 
 
"We are pleased to have the opportunity to partner with Presidio on numerous projects. They are exemplary in all aspects of real estate finance and development. The firm provides us with thorough and accurate underwriting in a timely manner, which allows us to be more responsive to land sellers resulting in greater success procuring land development opportunities. We have partnered with Presidio on a variety of real estate projects and enjoy the interaction we have had with all members of the firm. They are professional in every sense of the word and a pleasant group with which to work."
 
-Brent Little, President of South Coast Communities
 
 
"Presidio's capital structure for a start-up company like BlackPine Communities was instrumental. We've been able to stay focused on our execution at the home building level without distraction. They trusted my pedigree as a homebuilding professional, and that was an important factor in our success as a startup. Presidio is truly interested in getting to know me, our team, our vision and business plan. We speak a common language, and they're not Wall Street types. They truly understand the markets they're investing in. They have focused on markets they're familiar with and operators who have strengths in those submarkets. They treat us with respect, and that provides a lot of confidence to us as operators and partners."
 
-Michael Paris, Founder, President & CFO of BlackPine Communities
 
 
"The people at Presidio are knowledgeable, experienced and understand what I want to achieve. They don't follow your typical institutional model; they have a much more personal approach. We had several projects that were very time-sensitive, and they were able to put up capital on a very quick timeline, which enabled us to get some spectacular deals. They're very flexible and worked with us. Besides being able to come up with large quantities of money for large projects, they're also willing to help substantiate our ability to perform. They're problem solvers, not problem makers, and when we hit any type of snag, they're out front and helpful. I'm a jealous mistress. I don't want anyone else to have them."
 
-Gary Grossman, President of Coastal Community Builders, Inc.
 
 
"Presidio Residential Capital has been a valuable lending partner during very challenging times in the residential markets. Their loan structures helped us to keep equity requirements reasonable, and accommodated more housing starts as the markets recovered. They have been very easy to work with when modifications were needed based on changing market dynamics. Their relationship was a key component to success for several of our subdivisions."
 
-Ceci Doty, Executive Vice President of The Corky McMillin Companies
 
 
"Coastal Community Builder's involvement with Presidio has been extremely beneficial. Together, we've been able to purchase and control a large percentage of projects on the Central Coast. Presidio has been extremely helpful, not only in financing, but also in their knowledge, accessibility and thorough investigation of each project from marketing, entitlements and construction aspects. Presidio shares our vision, and we’re excited to partner with them as the window of opportunity has opened to the building industry here on the Central Coast."
 
-Dave Daniels, Vice President of Acquisitions & Construction at Coastal Community Builders
 
 
"There's a lot of capital in the market. In looking for new relationships, it's really like getting married. Presidio understands our business but allows us to run our business. They have capital and the right human capital - they have the right people.



Presidio has lots of resources but is nimble enough to make quick decisions, which allows us to be opportunistic. Their willingness to put down 100 percent of capital, unleveraged, is huge. Not many partners are willing to do that, and it gives us a lot of flexibility. On the one hand, I couldn't recommend Presidio more highly. On the other hand, I want all their resources to myself. I'm kidding, of course, because the more successful they are, the more successful I'll be. That's their model."
 
-Brian Ross, CEO of Oakpointe Communities
 
 
"Cornerstone is fortunate in that we’re sought after by a greater array of equity providers than there are viable deals we’re chasing. That puts us in the enviable position of being able to choose with whom we do business. Thus we only do business with people and organizations that we trust and enjoy. With that criteria, we consider ourselves privileged to do business with Presidio. Their decision making process is horizontally structured, eliminating the multilayered vertical approval process that most equity partners require. They work with us on drilling down into deals and brainstorming how best to structure terms to our mutual benefit. Presidio and its team members are true partners, and they bring a lot to the table."
 
-Ure R. Kretowicz, Chairman of the Board & CEO of Cornerstone Communities Corporation
 
 

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