NetworkNewsBreaks – Mountain Top Properties Inc.
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Posted On: 01/12/2024 3:53:27 PM
NetworkNewsBreaks – Mountain Top Properties Inc. (MTPP) Targets Increased Share, High ROI Within Hamptons’ Competitive Real-Estate Market
Mountain Top Properties (OTC: MTPP), a diversified real estate holding company focused on acquiring, marketing and operating assets through its wholly owned affiliates, has sought to capitalize on the evergreen popularity of the Hamptons, which has come to be renowned for its property market’s relative immunity to cyclical trends elsewhere in the nation. “Group subsidiary, Mountain Top Realty Inc. has sought to gain share within the Hampton’s real-estate market through the provision of finished, turnkey properties – a marked contrast to the Hampton’s historical affinity for one-off, customized home sales. Through its Mountain Top Capital Fund I, Mountain Top Realty has sought to raise $75 million to acquire, build, renovate, and remarket homes in the Hamptons; thus far, the fund has already received debt capital commitments amounting to 70% of its anticipated real estate acquisition costs as well as a further 100% of the planned construction costs – and will look to deploy $10 million soon to leverage strategic waterfront opportunities within the exclusive enclave,” a recent article reads. “More critically, Mountain Top Realty has entered partnership with On Site Builder Construction, who will spearhead the design and construction aspects of the ambitious project… Targeting a minimum ROI of 20 to 30% per transaction, Mountain Top Properties eventually anticipates translating its experience and expertise within the Hamptons’ competitive property market to other high-end real estate markets through future dedicated funds.”
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 (OTC: MTPP), a diversified real estate holding company focused on acquiring, marketing and operating assets through its wholly owned affiliates, has sought to capitalize on the evergreen popularity of the Hamptons, which has come to be renowned for its property market’s relative immunity to cyclical trends elsewhere in the nation. “Group subsidiary, Mountain Top Realty Inc. has sought to gain share within the Hampton’s real-estate market through the provision of finished, turnkey properties – a marked contrast to the Hampton’s historical affinity for one-off, customized home sales. Through its Mountain Top Capital Fund I, Mountain Top Realty has sought to raise $75 million to acquire, build, renovate, and remarket homes in the Hamptons; thus far, the fund has already received debt capital commitments amounting to 70% of its anticipated real estate acquisition costs as well as a further 100% of the planned construction costs – and will look to deploy $10 million soon to leverage strategic waterfront opportunities within the exclusive enclave,” a recent article reads. “More critically, Mountain Top Realty has entered partnership with On Site Builder Construction, who will spearhead the design and construction aspects of the ambitious project… Targeting a minimum ROI of 20 to 30% per transaction, Mountain Top Properties eventually anticipates translating its experience and expertise within the Hamptons’ competitive property market to other high-end real estate markets through future dedicated funds.”
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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