Qualified Investors Aggressively Seeking Low Income Housing Properties!

Funding Available for Low Income Housing

The most difficult hurdle for acquiring low-income housing, is purchasing the property without any capital. This is where The Provost Group can help! Obtaining financing is especially critical with for-profit developers, whose projects need to make financial sense at the end of the day.

This is how we can make it happen for you: Our investors put up the equity and debt and own 99.99% of the property. They take the depreciation. A partnership is put in place. You become the general partner and investors take up to 20% of the income, the balance is divided up. Section 42 runs for 15 years with the same “owners”.

Information on Low-Income Housing:

We are looking for Section 42 of the IRS code but are not limited to this, as to not miss any opportunity. This includes senior housing, student housing, people making $35K or less per year, or subsidized market. We would be interested in any property yielding a MINIMAL NOI of $1,500,000…nothing less! Anything above this would be great and we would be capable of taking it down!

Contact me now at mail@adrianprovost.com || 1-888-901-8421 || http://www.The-Provost-Group.com

Follow us on Twitter! @AdrianProvost & @RealEstate_NOW

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Funding Blog

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Are you seeking project funding?

If you are seeking project funding between $250K – $500M submit an inquiry to mail@Adrianprovost.com or call me directly at 1-888-901-8421

I represent a nation-wide network of private capital investors that can get your real estate or commercial construction project funded in all 50 states in a timely manner. My company takes pride in the fact that we are not Brokers that are shopping your deals. We are a Direct to the Funding source. We are the Loan Mediators between the Principal and the Funding Group, which is what separates us in the Commercial Funding Industry. Feel free to submit an email to mail@AdrianProvost.com or call me at 1-888-901-8421

 

by Adrian Provost http://www.The-Provost-Group.com Follow us on Twitter! @AdrianProvost & @RealEstate_NOW

Auction Alert!

For Sale at the Hotel!

The Renaissance Atlanta Waverly Hotel & Convention Center located at 2450 Galleria Parkway in Atlanta, GA will be host to an upcoming auction over the weekend. The gorgeous Atlanta hotel offers sophisticated accommodations including a magnificent 14-story atrium and in a few days will be offering one-of-a-kind real estate investment opportunities. 

The property is directly connected to the 320,000 square foot Cobb Galleria Convention Center. Known for playing host to outlandish corporate gatherings and lavish soirees, this beautiful property boasts over 60,000 sq. ft. of space! This AAA 4-Diamond hotel located in Smyrna is the crown jewel of the Galleria shopping and office complex. 

Guests can take pleasure in the boutique shops of nearby Vinings Jubilee and the Cumberland Mall that sits across the street, while downtown Atlanta and Hartsfield Jackson International Airport are a few minutes beyond.

The hotel is landlord to fine dining restaurants and lounges such as The Atrium Cafe, Medici, Tosca Blu Bar, The Atrium Bar, and of course a Starbucks cafe. Feel free to submit your information to mail@AdrianProvost.com if you’re interested in receiving a brochure of the auction inventory or to RSVP to this can’t miss event!

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by Adrian Provost
images courtesy of Renaissance Atlanta Waverly Hotel & Convention Center

New Kid on the Buckhead Block?

Did the vacant 10,000 square-foot restaurant space adjacent to Mansion on Peachtree finally land a tenant?

Tom Colicchio is the recipient of five James Beard Foundation Medals for cooking accomplishments and has been the head judge on every season of the Bravo reality TV show Top Chef. Unfortunately, his flagship Buckhead Restaurant, Craft failed to reach an extended lease agreement with the new owners of the Mansion on Peachtree Hotel, 3376 Peachtree Rd – Atlanta LLC. The restaurant’s agreement with the original owners of The Mansion on Peachtree, Mansion Centre Development LLC, was not transferred to the current owners.

So where does that leave this highly sought after, spectacular piece of real estate? Possibly in the hands of Del Frisco’s Grille! Numerous reports indicate that the restaurant space, which is placed directly in front of the elegant 42 story hotel, is close to solidifying a lease agreement with the Dallas-based Del Frisco’s Restaurant Group.

There’s also a buzz about the project being designed by Del Frisco’s partner in crime, The Johnson Studio. Which is an Atlanta-based architectural & design firm known for creating extraordinary spaces*

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By Adrian Provost
images courtesy of hospitalitydesign.com

Provost Real Estate Group “Your Professional Real Estate Connection”

Oliver McMillan to Begin Construction on "Buckhead Atlanta" Development

San Diego based real estate developer, Oliver McMillan, is making huge strides with its “Buckhead Atlanta” development project. After formally filling multiple permits with the city of Atlanta, the development company will begin bridging Atlanta’s older and newer regions. The Buckhead Atlanta Development will serve as a new, elegant community for residents and visitors. Buckhead Atlanta, formerly known as “Streets of Buckhead” will immediately become a landmark destination, complete with residential towers and world-class design and architecture. The six-block, eight-acre, luxury mixed-use urban village project will include distinctively designed buildings.

Spokesperson of the project, Bryan Long, stated “The development plan has been scaled back to a more walkable, human scale, with one to two-story buildings on the southern edge of the property, scaling up to the already planned, 20-story apartment towers”. With easy access to highways I-75, I-85, I-285, and Georgia 400 this is one of Atlanta’s premiere locations. Within a mile are such prestigious hotel properties as the Ritz-Carlton, the JWMarriott, The Intercontinental, Westin Buckhead, and St. Regis Hotel

The Buckhead Atlanta development is located at the intersection of Peachtree and East Paces Ferry roads. Important project assets include convenient parking, a luxury residential component, natural integration into the existing structure of the city and long-range value and sustainability to the property and city through planning and design.

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by Adrian Provost
images courtesy of Oliver McMillan

Provost Real Estate Group “Your Professional Real Estate Connection”

Improving HUD’s Web Presence

As part of President Obama’s Campaign to Cut Waste, last December the .gov Reform Task Force released a report highlighting the current climate of federal websites and insight on how they can be improved. The .gov Reform Task Force will use the report to develop a web strategy and create tools, best practices, and other resources that will make federal sites more efficient and useful for citizens. The following comments are from a HUD spokesperson:

“At HUD, we support the .gov Reform Task Force and are taking steps to improve and streamline our own web presence. Early on, we realized that the platform we were using to manage and maintain content on our website, HUD.gov, hindered our ability to more efficiently communicate critical information and resources to the public.”

“We needed a faster and more efficient way of getting our information out on HUD’s website. What we needed was a system that would allow us to more easily publish information on HUD.gov while ensuring that all content went through a vetting and approval process. Months later, HUD.gov transitioned to a content management system. We also implemented USAsearch, a search program of the General Services Administration’s Office of Citizen Services and Information Technology (OCSIT).”

“And more recently, we updated our Web Policies and Web Management Structure, Web Management Operating Procedures, and also published the HUD.gov style guide – all steps that provide clear guidance on how our website should operate and function.”

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via hud.gov
images courtesy of hud.gov

Provost Real Estate Group “Your Professional Real Estate Connection”

Celebrity Real Estate: Gayle King

Oprah BFF Gayle King paid a bit over $7 million for the penthouse at East 57th Street’s Place 57 back in 2008, possibly with Oprah’s assistance. Now Gayle is moving on. The sharp-eyed folks at The Real Estalker notice that Gayle’s place is back on the market for $7.9 million, a relatively modest mark-up. The place might have had some work done, since the listing mentions “brand new rich walnut floors that have just been laid and a barely used Viking state-of-the-art kitchen.”

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via ny.curbed.com
images courtesy of urbed.com

Provost Real Estate Group “Your Professional Real Estate Connection”