Farm & Homes Bought out Astro (Andes and Roberts)
As the lender, F&H assumed full control of the development at that time, including control of the LPOA Board of Directors requiring seats for 6 out of 9 directors. When F&H assumed control, they inherited a sizable amount of debt. Over 75 percent of Lakewood was still to be developed. They absorbed and finished many homes that were in various phases of construction that builders could not complete.