Largest Producer of Land Loans for Texas Veteran Land Board

Veterans can purchase land for 5% down

(March 5, 2014—Austin, TX)  SouthStar Communities is the largest single producer of land loans for veterans through the Texas Veteran Land Board (TVLB), an organization that helps Texas veterans achieve land ownership with low-interest, long-term land loans for just 5% down, the lowest in the state.   SouthStar grossed 39 homesite sales that qualified for TVLB loan financing in 2013, reflecting over $2.9 million in volume.

“SouthStar Communities prides itself in having land professionals who are experts in TVLB financing,” said Thad Rutherford, Chief Operating Officer of SouthStar Communities.  “We have a history of supporting veterans in all of our communities across Texas and we love having veterans as neighbors.  In fact, our Vintage Oaks community in New Braunfels is the largest selling community for Texas Veteran Land Board loans in the state.”

The San Antonio/Central Texas area is a top market for TVLB loans and Comal County is the TVLB’s largest source with 100 loans last year.

“We value the contributions of these land brokers, estate communities and participating lenders who helped Texas veterans find, finance and purchase a little piece of Texas on favorable terms through the VLB’s land and home loan programs,” said VLB Executive Secretary and Deputy Commissioner Bill McLemore.

Details of the Texas Veterans Land Loan Program Include:

  • Land purchase of at least one acre
  • Maximum land loan up to $100,000
  • Minimum 5% down payment
  • 30-year, fixed-rate loans
  • Available to “bona fide” residents of Texas who have served in any of our country’s five military branches (Army, Navy, Air Force, Marines, National Guard)
  • Special discounts for Disabled Veterans and Unmarried Surviving Spouses

SouthStar also partners with Operation FINALLY HOME, a non-profit organization who provides mortgage-free, custom homes for wounded veterans who need a helping hand to get their life back on track.  To date, SouthStar has provided land in its Texas communities for 10 American heroes to receive a mortgage-free home.

SouthStar is promoting the veteran land loans in all of its communities near Dallas, Fort Worth, New Braunfels and Bryan-College Station.  Vintage Oaks is a 3,300-acre community in the Texas Hill Country; King Oaks is a 950-acre custom home community just four miles from Bryan-College Station; The Reserve at Sugar Tree is a master-planned community on the shores of the Brazos River just 12 miles from Weatherford, Texas; and Lake Ridge, located at Joe Pool Lake in Dallas, spans more than 3,000 acres of custom homes with everything from hilltop, lake view, wooded and pond front properties available.

About Texas Veteran Land Board:

Texas veterans benefits are the best in the nation. The Texas Veterans Land Board was formed in 1983 to recognize and reward Texas veterans for their service and serves more than 1.7 million Texas veterans of all ages. The VLB offers below-market interest rate loans for land and home purchases, as well as for home improvements. For more information call 1-800-252-VETS (1-800-252-8387), or visit www.texasveterans.com.

About SouthStar Communities:

SouthStar Communities is a residential real estate development company with master-planned properties throughout the Sunbelt.  The company is affiliated with SouthStar Development Partners, and led by president and CEO J. Larry Rutherford, who has worked in all areas of real estate and homebuilding for nearly four decades. Since 1999, SouthStar has developed 20 communities throughout Florida, Texas, Georgia, North Carolina and South Carolina. The company specializes in every stage of real estate acquisition, permitting and development, from government relations to design and project management.

SouthStar Acquires Bluegreen Communities

May 4, 2012– SouthStar Communities has acquired Bluegreen Communities for $29 million.

As part of the deal, SouthStar also takes ownership of several Bluegreen residential neighborhoods– including Vintage Oaks at the Vineyard and Havenwood at Hunters Crossing, both in the city of New Braunfels, which is located about 30 miles northeast of San Antonio. SouthStar will also take ownership in King Oaks, in College Station; Lake Ridge and Sugar Tree, in Dallas/Fort Worth Metroplex; Sanctuary Cove at St. Andrews Sound, Ga.; and Chapel Ridge in Chapel Hill, N.C.

“Bluegreen Communities is an excellent acquisition for SouthStar,” says J. Larry Rutherford, chairman of SouthStar Communities and a former member of Bluegreen’s board of directors. “Their communities align with SouthStar’s business model and will effortlessly transition into our portfolio of exceptional community developments.”

SouthStar Communities is affiliated with Coral Gables, Fla.-based SouthStar Development Partners, a full service real estate company with a focus on residential development in the South.

SouthStar’s neighborhoods include The Hills of Minneola, in Lake County, Fla.; Flatrock Springs in Marble Falls, Texas; CityVista in Pittsburgh; and Pearson Farms in the Dallas suburb of Frisco.

Bluegreen is a division of Boca Raton, Fla.-based Bluegreen Corp.

Adds Rutherford of the Bluegreen acquisition, “Our property owners are the backbone of this acquisition, and we will work hard to earn their confidence by refocusing on each community’s needs. The company is committed to honoring the vision for each community that Bluegreen created and will continue to provide a quality lifestyle, value and continuity … .”

Click here to read the original article.

Austin Named #1 Best City for the Next Decade

By the Editors of Kiplinger’s Personal Finance Magazine

1. Austin, Tex.
Austin is arguably the the country’s best crucible for small business, offering a dozen community programs that form a neural network of business brainpower to help entrepreneurs. Now overlay that net with a dozen venture-capital funds and 20 or so business associations, plus incubators, educational opportunities and networking events. Mix all these elements in what many call a classless society, where hippie communalism coexists with no-nonsense capitalism, and you’ve got a breeding ground for start-ups.

Don’t discount the fun factor: In the self-proclaimed live-music capital of the world, music and business creativity riff off one another. The city’s famous South by Southwest festival, where concerts, independent film screenings and emerging technology overlap, is a prime example.

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