Walton Global, a real estate investment and land asset management firm, has announced the launch of its Builder Land Finance (BLF) Fund III. This new private credit offering is designed for accredited investors and targets up to $250 million to facilitate land acquisitions for homebuilders.
The fund provides a land-backed, fixed-income opportunity for investors, allowing them to participate in institutional land banking through flexible financing structures tailored to meet homebuilder needs. BLF Fund III aims for an annualized return of 9%-11.5%, with quarterly payments. The debt-based structure is secured by financing land acquisition projects that are pre-identified and contracted by one of the largest homebuilders in the United States. Capital is deployed through structured land purchases that support near-term homebuilding activity, with investors receiving income backed by the underlying land and builder premium payments.
Key features of BLF Fund III include a target offering of up to $250 million, primarily for broker dealers, Registered Investment Advisors (RIAs), and family offices. It offers a fixed target return of 9% for broker dealers and 11.5% for fee-only RIAs, over a 5-year term with two optional 1-year extensions. Interest payments are made quarterly. The fund’s strategy involves land identified and contracted by an A-rated public homebuilder, mitigating exposure to entitlement, construction, or housing price volatility.
Demand for new homes continues to outpace existing inventory in the U.S. housing market. However, homebuilders face increasing pressure to secure land without overleveraging their balance sheets or absorbing speculative risk. This environment has led to a shift from traditional land banking strategies toward capital-light, off-balance-sheet solutions. BLF Fund III is designed to meet this demand by offering pre-negotiated, builder-aligned land financing. This approach enables builders to control pre-approved sites without significant upfront capital outlay, reduce land carrying costs and timing risk, and improve operational agility in markets with strong housing demand.
Bill Doherty, CEO of Walton Global, stated, “For BLF Fund III, we’re focused on the intersection of smart land acquisition and the growing demand for new housing. Our just-in-time land strategy is designed to give builders the inventory they need, when they need it, while offering our investors exposure to a resilient and essential segment of the real estate market.”
The fund operates on an established investment model where land is acquired only after extensive due diligence by the builder. Walton then secures the property and enters into a takedown agreement that allows the builder to purchase land and lots in phases. Investors receive interest during the holding period, and capital is repaid as home sales are completed. Paul Bae, Vice President of Portfolio Management at Walton Global, commented, “Our model is purpose-built to meet today’s market needs. It supports builders with access to flexible capital while creating consistent, land-backed income opportunities for our investors.”
BLF Fund III is positioned within the expanding private credit sector, which encompasses real asset-backed strategies aimed at generating income and diversification for accredited investors. Walton Global anticipates continued growth in its builder-aligned land acquisition pipeline, focusing on solutions that address both investor income objectives and the housing market’s structural land constraints.
BLF Fund III is offered solely to accredited investors pursuant to Regulation D, Rule 506(c) of the Securities Act of 1933. Securities are offered through Walton RE Securities, LLC, a Member of FINRA/SIPC. There is no assurance that the investment objectives of the Fund will be achieved. Returns may be influenced by market conditions, builder performance, or changes in land values. Investors may experience delays or a loss of capital. Further details are available in the private placement memorandum.
Walton Global is a privately-owned land asset management and global real estate investment company. The firm manages and administers over 80,000 acres of land in the United States and Canada, valued at $4.53 billion. With more than 46 years of experience, Walton Global has a track record of land investment projects in high-growth metropolitan areas, having distributed $2.67 billion to investors across 92 countries. The company collaborates with U.S. homebuilders, developers, and industry partners, offering services that include pre-development land investments, builder land financing, development projects, DST offerings, and various fund structures.
