**Taylor Morrison Secures $3 Billion in Land and Construction Financing Deal**
Scottsdale-based homebuilder Taylor Morrison has partnered with Kennedy Lewis Investment Management (KLIM) to establish a land and construction financing facility that opens up $3 billion in funding capacity. The facility will support a wide range of initiatives, including land acquisitions, land development, and construction costs for homes built under Taylor Morrison’s build-to-rent brand, Yardly.
This new financing structure is aimed at improving cash flow efficiency and maximizing overall value. Taylor Morrison continues to diversify its land strategies through joint ventures, seller financing, deferred participation payments, land banking, and other innovative financial methods.
The collaboration between Taylor Morrison and KLIM is not new. The two entities already have a land banking agreement in place supporting Taylor Morrison’s for-sale homebuilding operations. With the introduction of the new, flexible financing facility, the company will benefit from balance sheet relief and enhanced optionality in operating its Yardly portfolio.
Yardly homes are designed for modern rental living and feature private, first-floor entries, minimal shared walls to reduce noise, no upstairs or downstairs neighbors, and fenced backyards. The communities are pet-friendly and designed to offer more space and comfort compared to traditional rental offerings.
This substantial financing deal marks another milestone in Taylor Morrison’s strategic growth and commitment to expanding its footprint in the build-to-rent market.
