"Canterbury Crossing" Project
| Cost: | 7.5 million US dollars |
| MIN: | 208,300,00 US dollars |
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Charlotte, NC
Canterbury Crossing Projects includes 35 townhouses of 1500 sq. ft heated each, 2 stories, 3-bedroom, 2.5 bath with single garage.
The capitalization rate – 6.32%
Monthly rent price – 1,495.00 US dollars
Property is projected to have steady capital growth over coming years given the site's close proximity to downtown Charlotte City (28 mins). Although positioned in Gaston County (Gastonia), this property is very much part of the well-known and thriving Charlotte economy that is referred to as the banking capital of the United States.
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*100% guarantee of the deal!
The legal support of the investment (sales-purchase) procedure will be undertaken by Polsinelli Law Firm. Polsinelli is an Am Law 100 firm with more than 800 attorneys in 20 offices. Ranked #24 for Client Service Excellence 1 and #10 for best client relationships among 650 U.S. law firms, Polsinelli was also named among the top 20 best-known firms in the nation. The firm’s attorneys provide value through practical legal counsel infused with business insight, and focus on health care, financial services, real estate, intellectual property, mid-market corporate, labor and employment, and business litigation.
**100% safe money guarantee!
All investment payments will go through a secure Escrow Account within the EagleBank Corp. Funds will be released only when the property is complete. Investors can therefore be 100% confident their funds cannot be lost and will only be used to purchase real property as described in this offering document.
About the Escrow Account: EagleBank are the holders of the escrow account and the account will be managed by the Polsinelli Law Firm. EagleBank, are the primary subsidiary of Eagle Bancorp, Inc. and are headquartered in Bethesda, Maryland, with operations in the Washington, D.C. metropolitan area. EagleBank conducts full service commercial banking through 32 branches in Montgomery County, Maryland; Washington, D.C.; and Northern Virginia.
Builder
Essex Home Builders is 72nd largest builder out of the TOP 100 Builders of the USA. It has more the $200 million in bank approved credit lines for construction and developed and sold 800+ properties in 2017.
Essex Home Builders is 72nd largest builder out of the TOP 100 Builders of the USA. It has more the $200 million in bank approved credit lines for construction and developed and sold 800+ properties in 2017.
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The Developer
Buller River Developments (BRD) have employed Essex Home Builders to construct this 36 town home project. Lindsay Jarvis and Kevin Burrell are the owners of BRD and they have completed and sold well in excess of 100 properties in the last 18 months. BRD now also operate in Charlotte, NC, South west Florida, Memphis TN, Baton Rouge, LA and in the coming 18 months expect to develop and sell in excess of 400 homes.
Buller River Developments (BRD) have employed Essex Home Builders to construct this 36 town home project. Lindsay Jarvis and Kevin Burrell are the owners of BRD and they have completed and sold well in excess of 100 properties in the last 18 months. BRD now also operate in Charlotte, NC, South west Florida, Memphis TN, Baton Rouge, LA and in the coming 18 months expect to develop and sell in excess of 400 homes.
