Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 12

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 12
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 that we or they would incur, debts 
 beyond our or their ability to pay as those debts matured; or                                             |

| • |     | at the time they issued the guarantees, intended to hinder, delay or defraud our or their creditors. |

The measure of insolvency varies depending upon the law of the relevant jurisdiction. Generally, however, a company is considered insolvent if its debts are greater than the fair value of its property, or if the fair saleable value of its assets is less than the amount that would be needed to pay its probable liabilities as its existing debts mature and become absolute. The subsidiary guarantees of the Notes contain terms that limit the obligations of individual subsidiaries to amounts that would not render them insolvent, even if they were required to make payments with regard to the Notes. That might avoid subordination of the guarantees under fraudulent conveyance laws in at least some jurisdictions. See “Description of Notes—The Guarantees.” Any guarantees provided by our subsidiaries are subject to possible defenses that may limit your right to receive payment from the guarantors with regard to the Notes. Although guarantees by many of our wholly-owned (i.e., directly or indirectly 100% owned) subsidiaries, when they are in effect, provide the holders of the Notes with a direct claim against the assets of those guarantors, enforcement of the guarantees against any guarantor would be subject to certain “suretyship” defenses available to guarantors generally. Enforcement could also be subject to other defenses available to guarantors in certain circumstances. To the extent that guarantees are not enforceable, you would not be able to assert a claim successfully against the guarantors. See “Description of Notes—The Guarantees.” As long as any of our Existing Notes, the Revolving Credit Agreement or certain other material debt remains outstanding, the guarantors of such debt will be required to provide guarantees of the Notes offered by this prospectus supplement. Some of the Existing Notes will mature prior to the Notes. At February 28, 2025, we had approximately $1.95 billion of outstanding senior notes comprised of our:

| • |     | 4.75% senior notes due 2025 |

| • |     | 5.25% senior notes due 2026 |

| • |     | 4.75% senior notes due 2027 |

| • |     | 5.00% senior notes due 2027 (collectively, the “Existing Notes”) |

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