Los Angeles, CA (August 20, 2012) – Pastor Harry Sewell of Family Cathedral of Praise Church in Dallas, Texas was looking for a way to finance the improvements he wanted to make to his church and accompanying charter school but was experiencing difficulty with traditional lenders. “We wanted to add portable buildings for our charter school to increase enrollment. We had planned to make the improvements soon, but the loan process at the bank delayed things. With the lump sum we received from Landmark Dividend we were able to bypass the loan process and go directly to buying the portable buildings,” said Pastor Sewell.
Senior Vice President of Acquisitions of Landmark Dividend, Ryan Renfro, facilitated the transaction for Pastor Sewell. “When Ryan first approached us in our initial meeting, he helped us realize that we were not in a lease anymore for our tower. Ryan advised us to meet with our attorney to negotiate a new lease before we did any type of lease sale to Landmark. Ryan’s experience with looking over leases really paid off and our attorney was able to negotiate new lease terms that were fair and consistent with the Dallas market. We were impressed that Ryan always looked out for our best interest first,” said Pastor Sewell.
Landmark Dividend is the leading investor in cellular and billboard ground leases and takes pride in providing capital solutions to fit clients’ needs. “I’m so pleased to have helped make the expansion of the church and charter school possible. I love what I do because it allows me to build long lasting relationships and provide capital for our clients,” said Mr. Renfro of Landmark Dividend.