MAGNOLIA ADVISORS

history

2016


Placed $68 million for Magnolia TC 16 in Florida tax certificates in more than 50 counties

Secured $80 million loan from Wells Fargo for Magnolia TC 15


2015

Placed $75 million for Magnolia TC 15 in Florida tax certificates in more than 50 counties

Secured $150 million loan from Wells Fargo for Magnolia TC 15


2014

Placed $65 million for Magnolia TC 14 in Florida tax certificates in more than 50 counties

Secured $80 million loan from Wells Fargo for Magnolia TC 14

Secured $14 million loan from Florida Community Bank for TC 5 tax deed applications


2013

Placed $62 million for Magnolia TC 5 in Florida tax certificates in more than 40 counties

Launched Magnolia TaxDeed 1, an investment company with a focus on acquiring Florida tax deeds

Secured $62 million loan from Capital One and Wells Fargo for Magnolia TC 5

Secured $3 million loan from Florida Community Bank for tax deed applications


2012

Placed $62 million for Magnolia TC 4 in Florida tax certificates in 30 counties

Placed $18 million in Florida tax certificates for institutional investor

Secured $85 million loan from Wells Fargo for Magnolia TC 4

ACG SMART Awards 2012 Finalist


2011

Placed $32 million for Magnolia TC 3 in Florida tax certificates in 35 counties

Made a $26 million direct investment in Florida tax certificates for an institutional investor

Secured $35 million debt facility from Capital One

Secured $5 million debt facility from Old Florida National Bank for TC 1 fund tax deed applications


2010

Placed $68 million in Florida tax certificates in 54 Florida counties (incl. TC 2 fund)

Secured $35 million debt facility from Wells Fargo to invest in TC 2 fund



2009

Placed $10 million in Florida tax certificates (TC 1 fund)

Developed options (incl. an operating strategy) for a large financial institution that took possession of an active adult community with CDD in Central Florida


2008

Underwrote $800 million CDD portfolio of major Wall Street investment bank for opportunity fund of a large financial institution