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Utility Capital Group

Your Business Is Building. Not Collecting.

Utility receivables are a byproduct of development — not your core business. We buy them so you can redeploy capital, shed administrative burden, and stay focused on your next deal.

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By the Numbers

Units in Portfolio
10,000+
Years Acquiring Utility Assets
13+
Receivables Under Management
$100M+

Trusted by

Toll BrothersBrookfieldTri Pointe Homes

We're just as excited about a 5-unit deal as a 5,000-unit portfolio.

Who We Are

Deep receivables expertise. Faster closings. You stay focused on what's next.

John McDonald, Managing Partner

John McDonald

Managing Partner

John leads acquisitions and deal structuring for Utility Capital Group. He previously directed over $1 billion in sub-performing and non-performing loan acquisitions at Hudson Realty Capital and managed land acquisition for KB Homes in the Washington, D.C. region. He began his career in airport infrastructure and municipal bond finance at Realterm Global. B.S. Finance, American University.

Jordan Hepner, Managing Partner

Jordan Hepner

Managing Partner

Jordan leads asset management and infrastructure operations for Utility Capital Group, overseeing receivables across 10,000+ homes. He has personally originated more than $200 million in DC-area real estate transactions, with over $1 billion underwritten across his career. Previously a Product Manager at Google. B.A. American Studies & Economics, Columbia University.

What We Buy

We purchase utility infrastructure receivables tied to real estate development — however they're structured in your jurisdiction.

  • Front Foot Benefit Charges (FFBCs)
  • Private Water & Sewer Assessments
  • Utility Line Extension Agreements
  • Homebuilder Infrastructure Receivables
  • Stormwater Management Assessments
  • Special Taxing District Receivables
  • Single-Family

  • Townhomes

  • Condominiums

  • 55+ / Active Adult

  • Self-Storage

  • Industrial

Why Developers Sell

Capital is better deployed elsewhere

Land acquisition and vertical construction generate multiples of what long-dated assessments yield.

Collections aren’t your business

You don’t have a billing department and you don’t want one.

Community reputation matters

Let a dedicated acquirer manage the homeowner relationship in neighborhoods where you’re still selling.

Clean exits require clean balance sheets

Convert receivables to cash to wind down LLCs, simplify partnerships, or strengthen your borrowing base.

How It Works

We buy receivables at any stage — from forward commitments on new development to seasoned portfolios where every home has closed. Whether it’s one community or your entire portfolio, we move on your timeline.

New Development

  1. You’re Planning a Community

    Whether you’re in final review or breaking ground, we commit to purchasing the receivables as they’re created.

  2. We Structure the Commitment Upfront

    You know exactly what you’ll receive and when, before you break ground.

  3. Receivables Transfer as Lots Sell

    As homes close and assessments attach, we purchase them on the agreed terms. Capital flows are locked in.

Existing Portfolio

  1. You’re Holding Receivables

    Homes have sold. Assessments are in place. Payments are trickling in over decades.

  2. Send Us the Details

    Community, assessment structure, payment history, remaining balance. We typically respond within a week with a clear, competitive offer.

  3. Convert to Cash

    Redeploy into your next land deal, fund vertical construction, or return capital to your partners.

Market Intelligence

Need Assessment Rate Comparables?

After more than a decade acquiring utility assets, we maintain deep familiarity with rate structures across our active markets. Tell us the jurisdiction and product type — we'll share what we're seeing, whether or not you end up selling.

Request Comparables →

Sitting on receivables you'd rather convert to cash?

One community or your entire portfolio — we'll move when the time is right for you.

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