Litchfield Financial Corporation was established by Randy Stratton in 1988.
We took the company public in 1992 at $4.90 per share (NASDAQ: LTCH).
We achieved analysts’ estimates for 30 consecutive quarters as a public company and sold the company in 1999 for $24.50 per share cash – over five times the IPO price.
Land and timeshare were our core products at Litchfield Financial Corporation and the foundation of our success.
DFC launches new website Developer Finance Corporation is excited to announce the launch of the next generation website for www.developerfinance.com. The site features the same resources that the Developer Finance Corporation team has been offering to the land and timeshare industries for decades, but with a fresh new look and feel. We invite you to take a tour today!
DFC establishes DFC Property Advisors One result of the recent financial crisis has been the need for our land subdivision expertise. Banks that find themselves owning unfinished land subdivisions face tough choices. They can hold them and hope for better times or liquidate them for pennies on the dollar. With DFC Property Advisors we can now offer banks an attractive alternative: we can complete the subdivision and market and sell the lots at retail rather than liquidation prices. Click here for more details.