SDR Ventures Provides Financing to Joyce Homes, Inc.
DENVER – September 6, 2012 – SDR Ventures, Inc., a Denver-based investment banking firm, is pleased to announce debt financing provided to Joyce Homes, Inc. (“Joyce Homes”).
In recent months the residential housing market has seen an upturn in prices, and with inventory levels decreasing the need for new home builders has increased. Additionally, data from the Commerce Department show that purchases of new homes rose more than originally projected in July. These trends reinforced SDR’s positive assessment of the market and provided the optimal timing to provide financing to one of Colorado’s elite home builders.
Founded in 1990, Joyce Homes, Inc. is a privately-owned residential construction company based in Castle Rock, Colorado. Joyce Homes is one of southern Colorado’s premier home builders, by making sure only the finest materials and highest quality craftsmanship goes in the construction of each new home.
Bob Woodley, President and founder, used his 40 years of experience in building residential homes to establish Joyce Homes, which currently serves the south Denver and Castle Rock regions. “I was extremely impressed with the professionalism of everyone that I worked with at SDR, and am thankful for their willingness to structure the arrangement to be a win/win for both of our Companies.” stated Bob Woodley.
SDR Ventures has been working with Joyce Homes since 2005 and served as the principal investor of the financing. “We are excited to be working with Joyce Homes again, over the past years the company has proven itself as a leading construction company in Colorado.” said Andy Limes, Founding Principal of SDR Ventures.