TMZ Brokerage founder Troy Mertz draws on over two decades of experience as an equities trader and options broker at the Chicago Mercantile Exchange to serve as the chief executive officer of Delaware Trust & Lending. Using his extensive knowledge of strategic financial operations, including risk management, profit forecasting, and capital formation, Troy Mertz also oversees the operations of Gilberts Development LLC.
In January 2014, Gilberts Development began the process of completing an abandoned residential development in Gilberts, Illinois, near Freeman and Galligan Roads. Known as The Conservancy and originally intended to comprise 985 homes, the development consisted only of two forgotten model homes that had become unsightly and potentially hazardous following the original developers’ bankruptcy in 2007. Mr. Mertz’ firm, Delaware Trust & Lending, served as one of the investment’s original bondholders, alongside Invesco in Oakbrook Terrace, Illinois, and New York-based Oppenheimer Funds. The three firms agreed to restructure the loan in order to initiate a 20-year investment in the Gilberts community.
Gilberts Development purchased the property in December 2012 and soon began testing the future neighborhood’s water and sewer infrastructure to prepare for future construction. The company intended to begin building on 123 platted lots and then expand construction to the rest of the 1,100-acre subdivision in several phases.
In March 2015, NVR Ryan Homes will begin to sell new construction homes on lots purchased from Gilberts Development in The Conservancy. Mr. Mertz entered into an agreement with Ryan Homes to sell 299 of the 985 residential sites to the national S&P-rated home builder through a Lot Purchase Agreement which requires Gilberts Development to complete all land development related improvements and then provide finished lots to Ryan on a just in time inventory basis.
In January 2014, Gilberts Development began the process of completing an abandoned residential development in Gilberts, Illinois, near Freeman and Galligan Roads. Known as The Conservancy and originally intended to comprise 985 homes, the development consisted only of two forgotten model homes that had become unsightly and potentially hazardous following the original developers’ bankruptcy in 2007. Mr. Mertz’ firm, Delaware Trust & Lending, served as one of the investment’s original bondholders, alongside Invesco in Oakbrook Terrace, Illinois, and New York-based Oppenheimer Funds. The three firms agreed to restructure the loan in order to initiate a 20-year investment in the Gilberts community.
Gilberts Development purchased the property in December 2012 and soon began testing the future neighborhood’s water and sewer infrastructure to prepare for future construction. The company intended to begin building on 123 platted lots and then expand construction to the rest of the 1,100-acre subdivision in several phases.
In March 2015, NVR Ryan Homes will begin to sell new construction homes on lots purchased from Gilberts Development in The Conservancy. Mr. Mertz entered into an agreement with Ryan Homes to sell 299 of the 985 residential sites to the national S&P-rated home builder through a Lot Purchase Agreement which requires Gilberts Development to complete all land development related improvements and then provide finished lots to Ryan on a just in time inventory basis.