Q1 2025, we began refinancing the portfolio.
April, we received terms and pursued a credit line.
May, we finalized our go-to-market plan while securing the line.
Next: launch debt/equity raise and close on the line of credit.
Finalizing Debt & Equity Market Plan
Q1 2025, we began refinancing the short-term rental portfolio. April, we received refinancing terms and started securing a line of credit. May, we finalized our go-to-market strategy. Next, we'll raise debt/equity and close on the line of credit.
- Adam Whitmire
More Projects Update
- Filip Bondas
We previously completed horizontal development on the 41-lot short phase within Phase 2, and the plat has been submitted and approved. In the remaining section of the property, water and electrical utilities are in place, with base and curb work next.
- Filip Bondas
Nine units in Phase 1 are finished, with Certificates of Occupancy in hand and ready for lease-up. Five more units on Lots 58 through 62 are being brought to CO, and the building permit application for the next 18 lots has been submitted ahead of vertical construction.
- Filip Bondas
Two more properties recently went live, one outside Clearwater, Florida and one lakefront in the Poconos, both five-bedroom, eight-bed homes with full amenity packages. Since acquiring 142 rentals in December 2024, the portfolio has grown to 153 units.