We are a real estate Development Corporation that specialize in solving housing crisis. We are a C Corp. We have been in business since August of 2014. We opened our first senior care home in 2014. We maintained a successful business till it was sold in October 2020. We sold because the opportunity presented itself and we felt it was time to make a business decision on how to expand the business further. The customers we market to are those that are vacationing, returning visitors, tourist, first time home buyers, retirees, second home buyers and guest. And those down sizing. The products and services we provide and offer are 2 and 3 bedroom 2 bath homes with 4 and 5 acres, 2 bedroom 2 bath cabins with laundry mat. Plus we will have available double wide manufactured homes on permanent foundation setting 3 bedroom two bath homes with 1/2 acre lots. The services and activities we will offer and provide are laundry, housekeeping, meal preparation, medication monitoring, sitting service, pet walking, transportation and planned activities for those that want to lead an active lifestyle. We will also have a badminton, volley ball. Crockett court. An archery range, an outside theatre, ping pong table in our stylish country club house. Walking trails, fire pits, water features, beauty / barber shop, a small restaurant, gated entrance. All the services will be offered in our package we offer for those that want extra care. Our Home Association fees will cover all the products and services we offer. Fully explained in detail and one can choose if and what they want in their pkg. We are registered with the state of TN.
We are seeking 20 million line of credit to purchase, build, establish, organize, and develop our community. The purchase price of property is 2,500,000. 118 Acres. Undeveloped. This acreage has a 3 bed two bath home on the property. We would like to add more homes, medical services, activities, outside theatre, and a live event stadium.
We have 10k we will pay toward the property. We will offer 50% Equity in the project, with 10 to 15% interest, 3 to 5 year term. The real estate is valued around 3,000,000.00
The Return of Investment will be seen in a 3 year time frame. It is a buyers market and we would like to capitalize on this opportunity as soon as possible. In order to develop the community to help with housing crisis for the many individuals moving to the area. The homes and cabins will be bought within 3 months of being rented and or built. People are buying as fast as a property goes on market so the Return of Investment will be almost immediate. We are estimating within 3 months of the homes being built.
We are seeking an equity partner, down payment assistance, bridge, short term financing of 3 to 5 years and other financing vehicles.
The founder, Victoria Carruth is a successful entrepuenuer. She has owned developed, organized and established 4 successful businesses. She is currently still managing and operating a mortgage closing business. This will be the first business of this caliber in real estate. However. With her experience developing, organizing, managing, and creating a business she will have many resources she will be able to contact to assist with the development of Mountain Laurel Living and Retreat. And her committment, dedication, hard work, persistence and ability to start a project from ground level and make it a success is a proven track record. In addition, to the equity partner if one chooses to commit to her project will be beneficial to the success of the companies growth. And she will gain valuable knowledge she can use to further extend her vision and goals for the company.
Please contact Victoria Carruth at
423 241 0601 [email protected]
to hear more about her vision and future growth of the company.
Thank you in advance for reviewing Mountain Laurels funding request and your much devotion to the project.