Mountain Top Properties Inc. (MTPP) Seeks to Raise
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Posted On: 01/04/2024 3:41:45 PM
Mountain Top Properties Inc. (MTPP) Seeks to Raise Up To $10 Million from Regulation A Offering
- Mountain Top Properties is filing to conduct a Regulation A equity offering
- The equity offering will look to raise up to $10 million in gross proceeds, which will be deployed towards the company’s real estate development efforts in the Hamptons
- The company has partnered with On Site Builder Construction, a long-standing and reputed Hamptons-based developer to construct and market turnkey residential properties
- The company will also be seeking to expand its technologically driven property management business across the Northeastern U.S. region
Mountain Top Properties (OTC: MTPP), a diversified real estate holding company focused around building, acquiring, marketing and operating assets through its wholly owned affiliates has recently announced that it has filed to conduct a Regulation A offering, which will seek to raise up to $10 million in gross proceeds, destined to be deployed in support of the company’s real estate development plans within the exclusive Hamptons real estate market. In addition, the company is planning to expand on its technologically driven property management business centered on the larger Northeastern U.S. region (https://nnw.fm/4NAdo ).
Through its Mountain Top Capital Fund I, Mountain Top Realty has sought to raise $75 million to build, acquire, renovate, and remarket homes in the Hamptons; thus far, the fund has already received debt capital commitments amounting to 70 percent of their anticipated real estate acquisition costs as well as a further 100 percent of the planned construction costs, a figure which the company will seek to complement with their upcoming equity raising exercise. Mountain Top Properties will subsequently look to deploy up to $10 million soon to leverage strategic waterfront or water view opportunities within the exclusive enclave offering a significant return on capital employed. In doing so, the company has partnered with On Site Builder Construction Co. Inc., as their design partner in their ambitious endeavor (https://nnw.fm/YOHkI ) which will seek to provide retail investors with access to an investment opportunity seldom available in the past.
Helmed by Joseph Kelley, On Site Builder Construction have gained a well-earnt reputation for designing and building some of the Hamptons’ highest quality over the past four decades, custom homes spanning a broad plethora of architectural styles – ranging from classic homes through to ultra-modern, glass-encased seaside mansions. Having built over 60 homes in the seaside retreat, Kelley and On-Site Builder Construction have the distinction of constructing and selling the Hampton’s most expensive properties in both, 2019 and 2022 – the latter at a remarkable $118,500,000 price point. Now and going forward, Mountain Top and On-Site Builder Construction’s partnership will seek to leverage upon Joseph Kelley and team’s reputation and technical know-how within the Hamptons real estate market to make the shift from one-off, customized homes through to the provision of finished, turnkey properties to prospective buyers.
Over the coming weeks, Mountain Top Properties will be expanding its traditional and social media marketing efforts to showcase some of the properties built by On Site, whilst simultaneously showcasing their ongoing developments on the island – all of which will be viewable on their newly developed website (www.Mountain-Top-Properties.com ).
In addition to Mountain Top Properties’ real estate development efforts in Long Islands’ Hamptons region which are slated to commence in the Spring, the company expects to begin generating revenues from its property management activities in the first quarter of 2024.
For more information, visit the company’s website at www.Mountain-Top-Properties.com.
NOTE TO INVESTORS: The latest news and updates relating to MTPP are available in the company’s newsroom at https://nnw.fm/MTPP
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
- Mountain Top Properties is filing to conduct a Regulation A equity offering
- The equity offering will look to raise up to $10 million in gross proceeds, which will be deployed towards the company’s real estate development efforts in the Hamptons
- The company has partnered with On Site Builder Construction, a long-standing and reputed Hamptons-based developer to construct and market turnkey residential properties
- The company will also be seeking to expand its technologically driven property management business across the Northeastern U.S. region
Mountain Top Properties (OTC: MTPP), a diversified real estate holding company focused around building, acquiring, marketing and operating assets through its wholly owned affiliates has recently announced that it has filed to conduct a Regulation A offering, which will seek to raise up to $10 million in gross proceeds, destined to be deployed in support of the company’s real estate development plans within the exclusive Hamptons real estate market. In addition, the company is planning to expand on its technologically driven property management business centered on the larger Northeastern U.S. region (https://nnw.fm/4NAdo ).
Through its Mountain Top Capital Fund I, Mountain Top Realty has sought to raise $75 million to build, acquire, renovate, and remarket homes in the Hamptons; thus far, the fund has already received debt capital commitments amounting to 70 percent of their anticipated real estate acquisition costs as well as a further 100 percent of the planned construction costs, a figure which the company will seek to complement with their upcoming equity raising exercise. Mountain Top Properties will subsequently look to deploy up to $10 million soon to leverage strategic waterfront or water view opportunities within the exclusive enclave offering a significant return on capital employed. In doing so, the company has partnered with On Site Builder Construction Co. Inc., as their design partner in their ambitious endeavor (https://nnw.fm/YOHkI ) which will seek to provide retail investors with access to an investment opportunity seldom available in the past.
Helmed by Joseph Kelley, On Site Builder Construction have gained a well-earnt reputation for designing and building some of the Hamptons’ highest quality over the past four decades, custom homes spanning a broad plethora of architectural styles – ranging from classic homes through to ultra-modern, glass-encased seaside mansions. Having built over 60 homes in the seaside retreat, Kelley and On-Site Builder Construction have the distinction of constructing and selling the Hampton’s most expensive properties in both, 2019 and 2022 – the latter at a remarkable $118,500,000 price point. Now and going forward, Mountain Top and On-Site Builder Construction’s partnership will seek to leverage upon Joseph Kelley and team’s reputation and technical know-how within the Hamptons real estate market to make the shift from one-off, customized homes through to the provision of finished, turnkey properties to prospective buyers.
Over the coming weeks, Mountain Top Properties will be expanding its traditional and social media marketing efforts to showcase some of the properties built by On Site, whilst simultaneously showcasing their ongoing developments on the island – all of which will be viewable on their newly developed website (www.Mountain-Top-Properties.com ).
In addition to Mountain Top Properties’ real estate development efforts in Long Islands’ Hamptons region which are slated to commence in the Spring, the company expects to begin generating revenues from its property management activities in the first quarter of 2024.
For more information, visit the company’s website at www.Mountain-Top-Properties.com.
NOTE TO INVESTORS: The latest news and updates relating to MTPP are available in the company’s newsroom at https://nnw.fm/MTPP
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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