The high-yield notes are due 2028

Davis Polk advised the representative of the initial purchasers in a Rule 144A / Regulation S offering by Dream Finders Homes, Inc. of $300 million aggregate principal amount of its 8.250% senior notes due 2028. The notes are senior unsecured obligations of Dream Finders Homes and are unconditionally guaranteed on a senior unsecured basis by all of the existing and future direct and indirect subsidiaries of Dream Finders Homes that guarantee its existing credit facility.

Dream Finders Homes is a homebuilder based in Jacksonville, Florida. Dream Finders Homes builds single-family homes in Florida, Texas, North Carolina, South Carolina, Georgia, Colorado and the Washington DC metropolitan area, which includes Northern Virginia and Maryland. Through its mortgage and title joint ventures, DFH also provides mortgage financing and title services to homebuyers. Dream Finders Homes achieves its industry-leading growth and returns by maintaining an asset-light homebuilding model.

The Davis Polk capital markets team included partners Michael Kaplan and Stephen A. Byeff and associates Soo Kyung Chae, Tianwei Liu and Vivian Liu. The tax team included counsel Leslie J. Altus and associates Benjamin Helfgott and Omar Hersi. The environmental team included counsel Loyti Cheng and associate Timothy J. Sullivan. All members of the Davis Polk team are based in the New York office.