Tennessee Hard Money Deal - Active

650

2 deals

No

Turtletown

Tennessee

$400,000

$3,000

***** remains a young company, even though we have been in business since 2010. We have owned, managed, and operated 4 successful businesses. But have yet to reach the level of business success I want for the company. With this endeavor and venture I feel this will give us the edge we need to move toward becoming a public traded company. But on the other hand by remaining a small company with many successful companies we are becoming a highly rated sought after business in helping people live a independent, active, vibrant life.
I have found a property in Turtletown TN. it has 4 acres, 4 bedroom and 3 baths, Two kitchens ( 1 down stairs and 1 upstairs.) This home can be rented, for two different families. There is additional 50 acres for sale attached to this property. My goals and vision is to open a mobile home park that is an upscale manufactured home community. Each of the mobile homes will be double wide with two and three bedrooms on a permanent foundation. The homes will be listed for sale with 1 to 3 acres of property.
I am the founder, and have experience in owning, managing, operating, establishing, and developing new start up businesses. Each business has been successful in its own rights. I sold all of them except for my mortgage closing business which I still own, operate, and manage.
This real estate venture will be the first of this nature for me. However, I am confident with my team of experts this venture will succeed too. This will help solve the housing crisis in our county and community. There are many visitors, guest, tourist, and out if downers visiting our area frequently. Several are relocating and need places to live. This manufactured mobile home community will assist in solving the current issue by providing safe, comfortable, and affordable housing. Currently, my research has provided the cost analysis of each home in the range if 75,000 up to 159,000. There will be a central septic system, however if a homeowner wants their own septic system this will be at their expense to install, city water will be installed and available, but each homeowner may have a well dug, at their expense, electrical will be installed, the homeowners will hook up at a cost. Gravel roads, landscaping, and maintenance will be provided in the community at a fee. The community will have a laundry mat, activities will be available, and a weekly movie night will be offered. This is the first of this type of community to be available in Polk County.
***************** will be the listing agent, and ******* will be the management company that will manage the entire community to rent or lease for those that do not want to buy. And for those that visit the area, and need a place to temporarily enjoy the activities and places. ******** Community will offer non medical services to those that would like to age in place and receive the best of care while living in an exclusive neighborhood.
I am seeking an equity partner and one that can provide financing first by acquiring the lovely home with two kitchens for 400,000, then the purchase of the additional 50 acres of property to develop a manufactured, mobile home community. One of a kind, exclusively for those that are seeking to live in a community that will have available non medical services, daily activities, and accessible to other events, town, and surrounding 3 metropolitan cities and airports. I need a line of credit of 3,000,000 with an interest rate of 15%; 3 to 5 year term, first lien position and will only use what is necessary to purchase and establish the community.
I am excited about this new, up and coming mobile home community. Let's do this together to solve the housing crisis in Polk County TN. I need your help, I will bring my dedication, hard work, management, organizing, and planning skills to the table not only those attributes but I have marketing and advertising skills as well.


Thank you for your commitment and devotion in helping secure financing for **********Community. I look forward to a mutual prosperous working relationship. Thank you