Twin Lakes Rural EB-5 Project May 2023 Update: Steady Home Sales in the Face of Rising Interest Rates

The EB5AN Kolter Twin Lakes Georgia active adult community stands out as one of the premier rural projects on the EB-5 market due to its continued strong sales, even in the face of rising interest rates. In fact, the project is both the top-selling active adult community and the top-selling new home community overall in the state of Georgia.

May 2023 Sales Data for Twin Lakes

  • 9 new home sales in May
  • 11 new home closings in May
  • 521 homes sold in total
  • 370 homes closed in total

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Strong Sales amid Rising Interest Rates

The Federal Reserve raised the prime rate an additional 0.25% in May 2023. National average interest rates for 30-year fixed mortgages reached 6.79% by the end of the month, the highest since 2007.

Despite this difficult market for home buyers, Kolter Homes’ Twin Lakes Georgia consistently demonstrates strong sales month after month. As a rural targeted employment area (TEA) project with homes built by a trusted national leader in new home construction, Twin Lakes continually proves why it is one of the smartest investment opportunities available to EB-5 investors.

This sales update will discuss several of the factors that are contributing to the success of the Twin Lakes active adult community.

The Kolter Group: A National Reputation

Twin Lakes is developed by the Kolter Group, one of the largest private home builders in the United States. With a wealth of experience and a track record of excellence, Kolter brings credibility and reliability to the Twin Lakes EB-5 project.

Kolter has successfully completed many similar master-planned communities. The company has strong relationships with leading banks and has access to the funding needed to complete Twin Lakes. Their reputation has instilled confidence in lenders. Their knowledge of the market and ability to deliver quality homes contributes to the project’s strong sales.

Since 1997, Kolter has invested in real estate projects with an estimated market value exceeding $24 billion. The company has built over 20,000 single-family homes. Kolter has repaid billions of dollars in debt and has never failed to repay a loan. As of yearend 2022, Kolter had more than $1.5 billion of loan commitments for its development projects from lenders such as Wells Fargo, PNC, and Regions Bank.

A Growing Market of Wealthy Buyers

Twin Lakes is a community focused on active adults age 55 and over. This demographic is known for its financial stability. This age group is rapidly growing in the United States and has substantial buying power. Twin Lakes’ focus on this demographic has been a driving factor in its success. Demand is high for communities that cater to the needs and desires of older adults.

Retirees often have substantial savings, making them an ideal target demographic for real estate. Twin Lakes requires home buyers to make a non-refundable deposit. This forces buyers to show their financial commitment before closing.

Nearly 50% of buyers in Twin Lakes close on their homes with all cash. This removes the need for mortgage lenders and has protected Twin Lakes from the effects of rising interest rates. Since homes are built to order, they are pre-sold before construction even begins.

A Long List of Top Amenities

The Twin Lakes community not only provides homes but also a desirable lifestyle. Twin Lakes offers a range of amenities tailored to the interests and needs of active adults. These amenities have been a major draw for potential buyers.

Amenities include a resort pool, an indoor pool, a new clubhouse, walking trails, and recreational facilities. The community is centered along two lakes, hence the name. Residents enjoy private docks allowing for canoeing, kayaking, fishing, and other water sports. Plus, the community has been recognized as having the largest private pickleball court complex in the state of Georgia.

Location, Location, Location

Location is always crucial in real estate. Twin Lakes is only about an hour outside of the Atlanta metro area. Residents are able to enjoy their own peaceful neighborhood while having easy access to the vibrant city life nearby.

The Southeast is experiencing a population surge. Many people are relocating from high-cost areas like New York and California. Twin Lakes’ sales have benefitted from this demographic shift. An increasing number of retirees are moving to Georgia.

A Rural EB-5 Project with Strong Financial Performance

Despite rising interest rates, Twin Lakes has demonstrated financial strength. Monthly sales show that demand for this project remain high. In the face of a challenging economy, Kolter has the resources it needs to continue selling and building single-family homes.

For EB-5 investors, Kolter’s Twin Lakes community presents an ideal opportunity. The community is in a rural TEA, allowing for a lower minimum investment and many other benefits. Furthermore, all EB-5 jobs are already created, significantly reducing immigration risk.

Overall, Twin Lakes Georgia’s exceptional performance can be attributed to many factors. These include the reputation of its developer, the growth of its target demographic, the project’s ideal location, and a host of appealing amenities. These factors position Twin Lakes as a compelling choice for EB-5 investors seeking a financially strong project that is likely to qualify them for U.S. Green Cards.

To learn more about the opportunities available with Twin Lakes and the EB-5 program, individuals can schedule a free consultation with EB5AN.