Twin Lakes Rural EB-5 Project June 2023 Update: Consistently Strong Sales Continue

EB5AN’s Twin Lakes, Georgia project is an outstanding offering in the rural EB-5 project market. It has continued to achieve strong sales in a challenging economic climate.

This stability increases its EB-5 investors’ chances of receiving a timely return of their invested capital. The project is already a financial success, and it has already created the required number of jobs for all its EB-5 investors to obtain Green Cards.

Projects with this high level of financial and immigration safety are rare in the EB-5 market.

We invite you to watch our recent interviews with 9 investors in the Twin Lakes project. These interviews showcase why these EB-5 applicants decided that Twin Lakes was the best option for their immigration and financial goals.

June 2023 Sales Data for Twin Lakes

  • 7 new home sales in June
  • 11 new home closings in June
  • 528 homes sold in total
  • 381 homes closed in total

The 11 new homes closed in June 2023 represent more than $6.7 million in sales revenue for the project.

Strong Sales despite Economic Turbulence

As of June 30, 2023, the U.S. federal prime rate was set at 5% to 5.25% by the Federal Reserve. The national average interest rate for 30-year fixed mortgages was 7.39% as of June 30, 2023.

Both of these rates are the highest since 2007.

Higher interest rates mean a higher cost of borrowing, which makes mortgages more expensive for home buyers. This often makes it hard for single-family home developments like Twin Lakes to sell units.

As we will examine below, Twin Lakes is uniquely positioned to overcome these challenges and continue selling homes at a consistent pace.

Key Factors behind Twin Lakes’ Success

Rural TEA Status

Twin Lakes is in a rural targeted employment area (TEA). As a result, the project offers a way for Chinese and Indian investors to get an EB-5 visa more quickly. Investors from both countries can expect to get their Green Cards years faster than usual.

In fact, investors who already hold non-immigrant visas may be able to get an employment authorization document (EAD) and a travel permit in as little as 60 days. One of Twin Lakes’ investors has already achieved this milestone.

A Wealthy Target Demographic and In-Place Financing

One of the key drivers behind Twin Lakes’ success is its high demand among retirees, a wealthy U.S. demographic. People in the 55+ market often have substantial financial resources from years of saving, investing, and building home equity. Many have spent a lifetime building wealth and are now ready to invest in a comfortable retirement. A large number of purchases at Twin Lakes are made in cash.

Twin Lakes has already secured all necessary financing to complete construction.

Twin Lakes’ financing structure includes a revolving senior loan. This flexible loan arrangement allows Twin Lakes to adapt and respond to economic shifts and market trends. As a result, the project has been able to remain resilient in the face of rising interest rates and other economic uncertainties.

Kolter: A Leading Single-Family Home Developer

The Kolter Group’s reputation and credibility make it one of the leading home builders in the Southeast. They are known for developing high-quality communities that understand and meet the needs of their residents. Twin Lakes is no exception.

Kolter is highly experienced. It has invested in real estate projects with an estimated market value of over $24 billion. Kolter has never failed to complete a project or repay a loan since its inception in 1997. The company has developed more than 20,000 single-family homes.

Kolter single-family home communities are known for their world-class amenities. Twin Lakes’ amenities cater to active adults age 55 and older. Beyond the typical wellness and fitness centers, the community offers a wide range of social and recreational amenities.

These include a state-of-the-art clubhouse and gym, a lounge area, a game room, an indoor pool, a ballroom, additional event spaces, lakeside views, and other areas for Twin Lakes residents to enjoy.

Proximity to Atlanta

Twin Lakes is just an hour’s drive from Atlanta. This location offers residents the best of both worlds. They can enjoy the serenity and charm of rural living. At the same time, they are a short drive from a bustling urban center brimming with cultural attractions, entertainment, a major airport, and healthcare.

The ongoing population boom in the Southeast region further enhances the value and attractiveness of real estate properties in this location.

Twin Lakes: A Compelling Rural EB-5 Project

With its rural TEA status, robust sales, financial stability, and strategic location, Twin Lakes presents a compelling choice for EB-5 investors.

We invite you to schedule a free consultation with EB5AN to explore the rewarding opportunities that Twin Lakes and the EB-5 program have to offer.