American Community Development Group, Inc. Receives $5 Million Initial Capital Commitment
November 12 2012 - 7:00AM
Marketwired
American Community Development Group, Inc. (PINKSHEETS: ACYD)
American Community Development Group, Inc. (ACYD) is pleased to
announce that it has received a commercial real estate funding
facility from a private investment group, US Finance Group, LLC of
Sudbury, Massachusetts.
These funds are to be utilized as part of several transactions
that are currently in negotiation. The Company has received
requests for the refinancing of properties from several nonprofit
groups in the Tampa Bay market and it also believes that it can
fulfill a market niche for similar services on a regional and
national basis. These consulting and financing services are seen by
the Company as imperative to our ability to market our services
over a broader geographic area and will add increased revenues
above those generated by direct property ownership coordinated with
nonprofit clients. The Company is also progressing on its plan to
conclude acquisitions of businesses that will serve to employ those
deserving clients of the nonprofits, whether housed in Company
properties or others.
About US Finance Group, LLC
US Finance Group, LLC is a private real estate investment
company with a portfolio of properties located in the northeastern
United States. Their primary focus has been on Section 8 housing,
but they also have experience with property ownership and
development using Commercial Development Corporation funding and
HUD. Through its clients and relationships, we can expect to
coordinate financing and property acquisition options using our
previously announced relationship with Government Deal Funding.
About American Community Development Group,
Inc.
American Community Development Group, Inc. is a for-profit
corporation founded to provide advisory support and management
guidance to the non-profit community to assist their support of
various economically distressed citizens. ACYD believes in the
concept of "social entrepreneurship" as stewards of our investors'
and our own resources while also creating strong economic returns
on the Company's capital.
ACYD, in its capacity as a Holding Company, will acquire
regional or national businesses that indicate significant revenue
contributions potential. ACYD will acquire assets in local
businesses, multi-family, affordable housing and other high
occupancy commercial real estate properties. The Company will break
new ground as a national provider of these affordable housing
services by specializing in the client residents of non-profits
that have been previously under-served. For further information
view our website, www.americancommunitydevelopmentgroup.com.
Affordable Housing "We are acquiring
interests in multi-family, affordable housing and other high
occupancy commercial real estate properties. We will break new
ground as a national provider of these affordable housing services
by specializing in residents that have been previously
under-served. As a for-profit company, we have the ability to
acquire, renovate and manage group housing, primarily apartments
and other multi-family properties. We will dramatically increase
cash flow through greater population density combined with
efficient and professional property management," Folger
related.
Job Creation is Profitable Enterprise The
second focus of ACDG is to create jobs appropriate to the same
disadvantaged citizens further supporting social entrepreneurship.
These jobs will be created in various enterprises that require
minimal capital versus their return through profits. The enterprise
will be created through acquisition of profitable businesses or the
launching of franchise type businesses that meet the employment and
profitability criteria.
The corporate principals of ACDG are experienced property
developers and managers on a regional level in
residential/commercial real estate. They also have a wealth of
experience in emerging growth of public and private entities,
capital markets, and merger/acquisition strategies.
Mission Statement Rebuilding America, One
Life at a Time!
Safe Harbor for Forward-Looking Statements: Except for
historical information contained herein, the statements in this
press release are forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Reform Act
of 1995. Forward-looking statements involve known and unknown risks
and uncertainties, which may cause the company's actual results in
future periods to differ materially from forecasted results. These
risks and uncertainties include, among other things, product price
volatility, product demand, market competition, risk inherent in
the company's domestic and international operations, imprecision in
estimating product reserves and the company's ability to replace
and expand its holdings.
Contact: John Folger CEO/President
http://americancommunitydevelopmentgroup.com Tampa, Florida 33613
Direct Cell Phone (727) 512-9989 jfolger@acdginc.com
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