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.
Start a Conversation10,000+
Units in Portfolio
12+
Years Acquiring Utility Assets
$100M+
Receivables Under Management
Trusted by
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 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 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.
New Development
You’re Planning a Community
Before homes close, we commit to purchasing the receivables as they’re created.
We Structure the Commitment Upfront
You know exactly what you’ll receive and when, before you break ground.
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
You’re Holding Receivables
Homes have sold. Assessments are in place. Payments are trickling in over decades.
Send Us the Details
Community, assessment structure, payment history, remaining balance. We typically respond within a week with a clear, competitive offer.
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 →