Landsea Homes Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Company and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Notes and Other Debts Payable, net - Narrative (Details)

v3.23.1

Notes and Other Debts Payable, net - Narrative (Details) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2021	Dec. 31, 2022	Mar. 31, 2023	Dec. 31, 2021
Line of credit facility \| Credit Agreement
Debt Instrument [Line Items]
Credit agreement, current borrowing capacity		$ 675,000,000	$ 675,000,000	$ 585,000,000
Credit facility, maximum borrowing capacity	$ 850,000,000
Line of credit facility \| Credit Agreement \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	3.35%
Line of credit facility \| Credit Agreement \| Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
Effective interest rate at period end			8.01%
Line of credit facility \| Credit Agreement \| Prime Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	3.85%
Paycheck Protection Program Notes
Debt Instrument [Line Items]
Payment for debt extinguishment		$ 2,500,000

- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

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- Definition

Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

+ References

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Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility.

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Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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Amount of cash outflow for cost from early extinguishment and prepayment of debt. Includes, but is not limited to, third-party cost, premium paid, and other fee paid to lender directly for debt extinguishment or debt prepayment. Excludes accrued interest.

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