Capital Markets Division of Texas Real Estate Firm Names IAA as Managing Broker-Dealer To Expand in Booming Homebuilder Region
Megatel Capital Investment (MCI), the capital markets division of real estate firm Megatel Homes, has signed International Assets Advisory, LLC (IAA) as its managing broker-dealer to fuel regional home building growth.
To learn more about MCI, visit http://www.mciinvest.com/about-mci/.
“Our business has experienced explosive growth over the last year,” said Trey Hoppe, MCI executive vice president and managing director.
“We need a managing broker-dealer with knowledge of deal structures as we diversify the capital sourcing for our home building company. But we also need a partner who can provide strategic legal and compliance advice as we become a larger player in the alternative space.”
IAA, a mid-sized brokerage and money management firm, signed an initial distribution agreement with MCI several years ago.
“We have cultivated connections and built networks of industry contacts, and we know what makes a deal attractive to investors,” said IAA President Ed Cofrancesco.
“But as managing broker-dealer, we also wield internal controls and risk management expertise to guide MCI through alternative investing and safely clear regulatory transactions.”
Since its inception in 2006, Megatel Homes has sold more than 5,000 homes and completed over 100 developments. In 2017 , the company recognized over $375 million in gross revenue and has over 35 new communities slated for development in 2018.
“We’ve become one of the largest home builders in the Dallas-Fort Worth market and we’re looking to expand in Florida and Colorado,” said Hoppe. “With IAA, we can bring that energy to the securities side of our business too.”
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