A Sacramento-based homebuilder, Sycamore Homes, has acquired 208 finished residential lots in three bank transactions since April, 2009. Each deal closed at the original contract price. The acquisitions consist of the following:

28 finished lots in an in-fill subdivision in Visalia, commonly known as Kirkwood Estates, purchased for approximately $27,000 per lot. The seller was West America Bank.

109 finished lots in a major subdivision in Atwater, commonly known as The Claremont Reserve, purchased for approximately $11,000 per lot. The seller was Guaranty Bank.

71 finished lots in Southport in West Sacramento, in a subdivision known as River Landing, purchased for approximately $37,500 per lot. The seller was the receiver for the previous builder, with approval from Wells Fargo Bank.

Sycamore plans to build out the projects in line with demand. It is seeking other finished lot opportunities in both northern and southern California.

The acquisitions were financed by private investors. The financing for each transaction was arranged and structured by Thomas C. Dashiell.

Mr. Dashiell can be reached at (510) 919 1969 or at tcdashiell@gmail.com.