Real Estate

expertise for a broad spectrum of real estate transactions

Surety bond requirements are common in most types of real estate development. Often driven by the need to add, update or remove public improvements to facilitate the construction of a building or housing tract. These bond requirements can pose unique challenges for the real estate firm and the surety industry due to the nature of the bonds (non-cancellable), reliance on outside financing and complexity of real estate ownership.

The Bond Exchange has successfully worked with developers, home-builders, REITs and other firms engaged real estate development projects to secure requisite surety bonds. While the number of surety companies who will support these bonds is limited, we have access to the leading providers of improvement bonds and maintain stellar relationships with the underwriters to ensure the best terms are provided to our clients. 

While not an exhaustive list, these are some of the more common bonds needed in real estate development:

• California DRE

• Completion

• Escrow deposit

• Grading permit

• Off-site improvements

• On-site improveements

• Performance and payment

• Shoring

The Bond Exchange team will work closely with you to understand the nature of your company, the types of projects that you develop and your approach to project financing. Through this process, we will develop a strategy that will allow us to negotiate the best rates for your surety needs.