Security National Financial Corporation (NASDAQ: SNFCA) Announces Completion of Lending Transaction on Residential Development Loan in Arrowhead Ranch
Security National Financial Corporation (NASDAQ: SNFCA) has successfully completed a lending transaction for the Arrowhead Ranch residential project in Payson, Utah. The company generated significant returns, including $4 million in profit-split income and over $3.2 million in interest and origination fees. The acquisition and development loan, originated in June 2021, supported the development of 500+ planned residential units across a 162-acre parcel.
The transaction not only delivered above-market returns compared to general debt offerings but also positioned SNFCA's residential mortgage segment to offer long-term financing to potential homebuyers. The company plans to reinvest the profit-split proceeds into similar attractive transactions to strengthen its asset base.
Security National Financial Corporation (NASDAQ: SNFCA) ha completato con successo una transazione di prestito per il progetto residenziale Arrowhead Ranch a Payson, Utah. L'azienda ha generato rendimenti significativi, inclusi 4 milioni di dollari di reddito da profit-split e oltre 3,2 milioni di dollari in interessi e commissioni di origine. Il prestito per acquisizione e sviluppo, avviato nel giugno 2021, ha supportato lo sviluppo di oltre 500 unità residenziali pianificate su un terreno di 162 acri.
La transazione ha offerto rendimenti superiori al mercato rispetto alle offerte di debito generali e ha posizionato il segmento mutui residenziali di SNFCA per offrire finanziamenti a lungo termine ai potenziali acquirenti di case. L’azienda prevede di reinvestire i proventi del profit-split in operazioni simili e vantaggiose per rafforzare la propria base patrimoniale.
Security National Financial Corporation (NASDAQ: SNFCA) ha completado con éxito una transacción de préstamo para el proyecto residencial Arrowhead Ranch en Payson, Utah. La compañía generó retornos significativos, incluyendo 4 millones de dólares en ingresos por reparto de ganancias y más de 3,2 millones de dólares en intereses y comisiones de originación. El préstamo para adquisición y desarrollo, iniciado en junio de 2021, apoyó el desarrollo de más de 500 unidades residenciales planificadas en un terreno de 162 acres.
La transacción no solo generó rendimientos por encima del mercado en comparación con ofertas generales de deuda, sino que también posicionó al segmento de hipotecas residenciales de SNFCA para ofrecer financiamiento a largo plazo a posibles compradores de viviendas. La compañía planea reinvertir las ganancias del reparto en transacciones similares y atractivas para fortalecer su base de activos.
Security National Financial Corporation (NASDAQ: SNFCA)는 유타주 페이슨의 Arrowhead Ranch 주거 프로젝트에 대한 대출 거래를 성공적으로 완료했습니다. 회사는 400만 달러의 수익 배분 수입과 320만 달러 이상의 이자 및 대출 개시 수수료를 포함한 상당한 수익을 창출했습니다. 2021년 6월에 시작된 인수 및 개발 대출은 162에이커 부지에 걸쳐 500개 이상의 계획된 주거 단위 개발을 지원했습니다.
이번 거래는 일반 부채 상품에 비해 시장 이상의 수익을 제공했을 뿐만 아니라 SNFCA의 주거용 모기지 부문이 잠재적 주택 구매자에게 장기 금융을 제공할 수 있는 위치를 확보했습니다. 회사는 수익 배분 수익을 유사한 매력적인 거래에 재투자하여 자산 기반을 강화할 계획입니다.
Security National Financial Corporation (NASDAQ : SNFCA) a réussi à finaliser une opération de prêt pour le projet résidentiel Arrowhead Ranch à Payson, Utah. La société a généré des rendements importants, incluant 4 millions de dollars de revenus issus du partage des bénéfices et plus de 3,2 millions de dollars d’intérêts et de frais d’origination. Le prêt d’acquisition et de développement, initié en juin 2021, a soutenu le développement de plus de 500 unités résidentielles prévues sur un terrain de 162 acres.
Cette opération a non seulement offert des rendements supérieurs au marché par rapport aux offres de dette classiques, mais a aussi positionné le segment des prêts hypothécaires résidentiels de SNFCA pour proposer un financement à long terme aux futurs acheteurs. La société prévoit de réinvestir les revenus du partage des bénéfices dans des opérations similaires attractives afin de renforcer sa base d’actifs.
Security National Financial Corporation (NASDAQ: SNFCA) hat erfolgreich eine Kredittransaktion für das Wohnprojekt Arrowhead Ranch in Payson, Utah, abgeschlossen. Das Unternehmen erzielte erhebliche Erträge, darunter 4 Millionen US-Dollar an Gewinnbeteiligungseinnahmen und über 3,2 Millionen US-Dollar an Zinsen und Ursprungsgebühren. Der im Juni 2021 initiierte Erwerbs- und Entwicklungskredit unterstützte die Entwicklung von über 500 geplanten Wohneinheiten auf einem 162 Hektar großen Grundstück.
Die Transaktion lieferte nicht nur überdurchschnittliche Renditen im Vergleich zu allgemeinen Fremdkapitalangeboten, sondern positionierte auch den Wohnhypothekenbereich von SNFCA, um potenziellen Hauskäufern langfristige Finanzierungen anzubieten. Das Unternehmen plant, die Gewinne aus der Gewinnbeteiligung in ähnliche attraktive Transaktionen zu reinvestieren, um seine Vermögensbasis zu stärken.
- Generated $4 million in profit-split income from the Arrowhead Ranch project
- Earned additional $3.2 million in interest and origination fees
- Returns exceeded competing general debt offerings
- Positioned to offer long-term financing to potential homebuyers
- Demonstrates enhanced lending capabilities for future growth
- None.
Insights
SNFCA's $7.2M profit from a completed lending deal shows strong returns and strategic investment in their core lending business.
Security National has successfully wrapped up a major lending project that delivered
The transaction's significance goes beyond just the immediate financial gain. The company explicitly states this return exceeds what they could achieve through competing general debt offerings, suggesting they've found a profitable niche in development lending versus standard debt instruments. This strategic approach allows them to generate above-market returns while maintaining asset quality.
What's particularly shrewd is how Security National structured this deal to create multiple revenue streams. Beyond the loan itself, they positioned their mortgage segment to offer long-term financing to homebuyers in the development. This creates a pipeline of potential mortgage customers flowing from their development lending activities - essentially using one business line to feed another.
The company's commitment to reinvesting these proceeds into similar transactions indicates confidence in this business model and suggests a focus on compound growth through reinvestment rather than dividend distributions. For investors, this signals a growth-oriented strategy focused on their core competency in real estate lending.
Transaction Supports Strategic Focus on Core Operations and Balance Sheet Strength
MURRAY, Utah, May 19, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ: SNFCA), announced the successful conclusion of its lending transaction which facilitated the development of the Arrowhead Ranch residential project located in Payson, Utah. As a result of this transaction Security National realized “profit-split” income of nearly
This acquisition and development loan was originated by the Company in June of 2021 in relation to over 500 planned residential units across various product types on a 162-acre parcel.
The Company believes that this return on investment is above that which it would realize from competing general debt offerings. In addition, this transaction placed the Company’s residential mortgage segment in a position to offer long-term financing to potential purchasers, as an added benefit to the developer and homebuyers.
This transaction demonstrates the Company’s enhanced lending capabilities, which provide increased value to homebuilders and the real estate development community. The proceeds of this profit split will be reinvested in similar transactions that the Company determines are attractive and will strengthen its asset base.
“This transaction marks another important step in the strategic growth of our lending capabilities,” said Scott Quist, Chief Executive Officer of Security National. “By working with reputable, local developers we are able to structure attractive loan terms that benefit both the Company and the developers.”
About Security National Financial Corporation
Security National Financial Corporation (NASDAQ: SNFCA) operates in three reportable business segments: life insurance, cemetery and mortuary, and mortgages. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products, and accident and health insurance. These products are marketed in 40 states through a commissioned sales force of independent licensed insurance agents who may also sell insurance products of other companies. The cemetery and mortuary segment consists of eight mortuaries and five cemeteries in the state of Utah, one cemetery in the state of California, and one cemetery and four mortuaries in the state of New Mexico. The Company also engages in pre-need selling of funeral, cemetery, mortuary, and cremation services through its cemetery and mortuary locations. The mortgage segment originates and underwrites or otherwise purchases residential and commercial loans for new construction, existing homes, and other real estate projects. The mortgage segment operates through 100 retail offices in 23 states and is an approved mortgage lender in several other states.
Forward-Looking Statements
This press release contains forward-looking statements, including statements about future financial performance, asset strategy, and capital allocation. Actual results may differ materially due to various risks and uncertainties. For a full discussion of these risks, please refer to the company’s filings with the U.S. Securities and Exchange Commission.
For Further Information Contact: Scott M. Quist
or Garrett S. Sill
Security National Financial Corporation
P.O. Box 57250
(Telephone) (801) 264-1060
(Fax) (801) 264-8430
*Website: www.securitynational.com*
FAQ
What was the total profit SNFCA earned from the Arrowhead Ranch lending transaction?
How many residential units are planned for the Arrowhead Ranch project financed by SNFCA?
When did SNFCA originate the Arrowhead Ranch development loan?
How will SNFCA use the profits from the Arrowhead Ranch transaction?
What additional benefit does this transaction provide for SNFCA's mortgage segment?
