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Exhibit 25.1

 

 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939

OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

 

 

THE BANK OF NEW YORK MELLON

(Exact name of trustee as specified in its charter)

 

 

 

New York   13-5160382

(Jurisdiction of incorporation

if not a U.S. national bank)

 

(I.R.S. employer

identification no.)

240 Greenwich Street, New York, N.Y.   10286
(Address of principal executive offices)   (Zip code)

 

 

LENNAR CORPORATION

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   95-4337490

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification no.)

 

Name of Co-Registrant

   Jurisdiction of Incorporation
or Organization
   I.R.S. Employer
Identification No.
Greystone Nevada, LLC    Delaware    88-0412611
Lennar Arizona, LLC    Arizona    20-5335505
Lennar Carolinas, LLC    Delaware    20-3150607
Lennar Colorado, LLC    Colorado    20-0451796
Lennar Georgia, LLC    Georgia    20-8892316
Lennar Homes of Alabama, LLC    Delaware    87-3510927
Lennar Homes of California, LLC    California    93-1223261
Lennar Homes of Idaho, LLC    Delaware    85-3763488
Lennar Homes of Indiana, LLC    Delaware    59-2367217
Lennar Homes of Oklahoma, LLC    Delaware    87-3437333
Lennar Homes of Tennessee, LLC    Delaware    32-0407237
Lennar Homes of Texas Land and Construction, Ltd.    Texas    75-2792018
Lennar Homes of Utah, LLC    Delaware    82-1439577
Lennar Homes, LLC    Florida    59-0711505
Lennar Northwest, LLC    Delaware    45-2978961
Lennar Reno, LLC    Nevada    22-3895412
St. Charles Community, LLC    Delaware    82-2955101
TI Lot 8, LLC    Delaware    85-1093290
U.S. Home, LLC    Delaware    52-2227619

 

5505 Waterford District Drive

Miami, Florida

  33126
(Address of principal executive offices)   (Zip code)

 

 

Debt Securities

and Guarantees of Debt Securities

(Title of the indenture securities)

 

 
 


1.

General information. Furnish the following information as to the Trustee:

 

  (a)

Name and address of each examining or supervising authority to which it is subject.

 

Name

  

Address

Superintendent of the Department of

Financial Services of the State of New York

  

One State Street, New York, N.Y.

10004-1417, and Albany, N.Y. 12223

Federal Reserve Bank of New York   

33 Liberty Street, New York, N.Y.

10045

Federal Deposit Insurance Corporation   

550 17th Street, NW

Washington, D.C. 20429

The Clearing House Association L.L.C.   

100 Broad Street

New York, N.Y. 10004

 

  (b)

Whether it is authorized to exercise corporate trust powers.

Yes.

 

2.

Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

 

16.

List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”).

 

  1.

A copy of the Organization Certificate of The Bank of New York Mellon (formerly known as The Bank of New York, itself formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152735).


  4.

A copy of the existing By-laws of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-261533).

 

  6.

The consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-229519).

 

  7.

A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.


SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, and State of New York, on the 31st day of March, 2026.

 

THE BANK OF NEW YORK MELLON
By:  

/s/ Stacey B. Poindexter

  Name: Stacey B. Poindexter
  Title: Vice President


EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON

of 240 Greenwich Street, New York, N.Y. 10286

And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business December 31, 2025, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

ASSETS

     Dollar amounts in thousands  

Cash and balances due from depository institutions:

  

Noninterest-bearing balances and currency and coin

     4,214,000  

Interest-bearing balances

     122,567,000  

Securities:

  

Held-to-maturity securities

     48,093,000  

Available-for-sale debt securities

     101,873,000  

Equity securities with readily determinable fair values not held for trading

     0  

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold in domestic offices

     0  

Securities purchased under agreements to resell

     25,462,000  

Loans and lease financing receivables:

  

Loans and leases held for sale

     0  

Loans and leases held for investment

     40,704,000  

LESS: Allowance for credit losses on loans and leases

     224,000  

Loans and leases held for investment, net of allowance

     40,480,000  

Trading assets

     6,629,000  

Premises and fixed assets (including right-of-use assets)

     3,248,000  

Other real estate owned

     1,000  

Investments in unconsolidated subsidiaries and associated companies

     2,552,000  

Direct and indirect investments in real estate ventures

     0  

Intangible assets

     7,361,000  

Other assets

     18,517,000  
  

 

 

 

Total assets

     380,997,000  
  

 

 

 


LIABILITIES       

Deposits:

  

In domestic offices

     220,677,000  

Noninterest-bearing

     59,544,000  

Interest-bearing

     161,133,000  

In foreign offices, Edge and Agreement subsidiaries, and IBFs

     111,756,000  

Noninterest-bearing

     7,405,000  

Interest-bearing

     104,351,000  

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased in domestic offices

     0  

Securities sold under agreements to repurchase

     2,657,000  

Trading liabilities

     2,771,000  

Other borrowed money:

(includes mortgage indebtedness)

     4,940,000  

Not applicable

  

Not applicable

  

Subordinated notes and debentures

     0  

Other liabilities

     8,374,000  
  

 

 

 

Total liabilities

     351,175,000  
  

 

 

 
EQUITY CAPITAL       

Perpetual preferred stock and related surplus

     0  

Common stock

     1,135,000  

Surplus (exclude all surplus related to preferred stock)

     12,943,000  

Retained earnings

     17,363,000  

Accumulated other comprehensive income

     -1,619,000  

Other equity capital components

     0  

Total bank equity capital

     29,822,000  

Noncontrolling (minority) interests in consolidated subsidiaries

     0  

Total equity capital

     29,822,000  
  

 

 

 

Total liabilities and equity capital

     380,997,000  
  

 

 

 


I, Dermot McDonogh, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

Dermot McDonogh

Chief Financial Officer

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.

 

Robin A. Vince     
Jeffrey A. Goldstein              Directors
Joseph J. Echevarria