Twin Lakes Rural EB-5 Project July 2023 Update: Strong Sales Pace Continues Despite High Interest Rates

EB5AN and Kolter Homes are proud to sponsor the Twin Lakes Development Project, a leading EB-5 single-family home development near Atlanta, Georgia.

Twin Lakes is one of the most compelling options in the country for EB-5 investment in rural projects. It combines a high level of financial security with full USCIS approval and compliance.

Despite the volatile economic environment in recent months, Twin Lakes is steadily progressing toward completion, and monthly sales volumes remain stable. This shows that Twin Lakes is offering a quality product to a high-demand, well-capitalized demographic.

July 2023 Sales Data for Twin Lakes

  • 9 new home sales in July
  • 14 new home closings in July
  • 536 homes sold in total
  • 394 homes closed in total

July 2023 Sales Data For Twin Lakes

Why Twin Lakes Is a Financially Strong Project

Economic uncertainty in today’s market means that real estate developers should look for wealthier demographics with stable demand. The Twin Lakes Georgia EB-5 Project accomplishes this by meeting the expectations of the 55+ market, which is currently the wealthiest demographic in the United States.

A growing number of wealthy retirees are interested in new housing in the Southeast United States and Atlanta area, and Twin Lakes is ideally positioned to meet this demand. The Southeast region and Atlanta area as a whole have seen a large influx of residents from other states, which has driven real estate demand.

The Twin Lakes community offers affordable, quality housing—ranging from $316,990 to $544,990—which is ideal for its target market of active adults.

A significant number of home sales in Twin Lakes are made in cash, without a mortgage. There is also a high rate of home pre-sales.

This has allowed the Twin Lakes Project to continue new home construction at a steady pace and move closer to completion. This Cresswind Georgia Project has already generated significant revenue from home sales.

Twin Lakes has already secured the financing required to complete construction, with a revolving senior loan. This allows Twin Lakes to adjust the pace of construction according to current market demand.

A high-demand, wealthy market, in-place financing, professional expertise, and a significant revenue stream uniquely position Twin Lakes to adapt to changes in the economy and remain profitable.

Location and amenities

Even though Twin Lakes residents can enjoy a lifestyle that embraces pristine nature, and features lake views and scenic walking trails, the community is located only an hour away from Atlanta, Georgia. This proximity to a major financial, medical, and cultural hub makes Twin Lakes an especially appealing location for retirees.

With more than 500 homes already sold, Twin Lakes features several amenities for residents, including a state-of-the-art clubhouse, event spaces, a gym, and top-quality pickleball courts.

Success Despite High Interest Rates

As of August 1, 2023, the U.S. interest rate was set at 5.25% to 5.5%. This is the highest interest rate since 2007.

Higher interest rates make it more difficult for real estate developers to secure financing. Higher interest rates also make home mortgages more expensive.

Despite this, as mentioned previously, Twin Lakes has already secured a revolving senior loan to complete construction. This is a testament to the project’s creditworthiness and financial strength. The project’s target market is financially strong and often does not rely on mortgages to buy homes.

The strong sales pace continued into mid-2023, with a monthly average of 11 home sales from March to July.

The Kolter Group: A Leading Single-Family Home Developer

As one of the leading real estate developers in the United States, the Kolter Group manages a diverse portfolio of projects with a focus on the Southeast. Kolter Homes was especially successful in its previous single-family home communities, similar to what Twin Lakes offers. Thus far, Kolter has developed over 20,000 single-family home units.

Kolter Homes is one of the few developers to have never failed to repay a loan or complete a project. Active since 1997, Kolter’s 26-year track record and investments in real estate projects with an estimated market value of over $24 billion, make it an ideal developer to invest with.

What does all of this mean for EB-5 investors?

Twin Lakes’ financial security increases investors’ chances of getting a timely return on their invested funds. The project even offers a repayment guaranty for its EB-5 investors, which adds an added layer of security.

Why Twin Lakes Is a Compelling EB-5 Project

Besides its financial strength, Twin Lakes also provides a premier opportunity to obtain an EB-5 Visa. The project’s rural status allows Chinese and Indian investors to avoid years of backlog-related delays through this rural set-aside visa. In addition, all new investors in Twin Lakes qualify for priority processing of their EB-5 petitions.

An EB-5 investor from India recently had their rural EB-5 petition approved in only 11 months. This means that investing in Twin Lakes could potentially allow you to get your initial green card in a matter of months, rather than years.

Creating at least 10 jobs is the main requirement to qualify for a permanent EB-5 green card. Twin Lakes has already created all the necessary jobs for all of its EB-5 investors, which makes it a remarkably safe immigration option as well.

Learn More about Twin Lakes

With a limited number of rural set-aside visas available, we encourage you to consider a rural EB-5 investment. Projects with a strong financial and immigration profile like Twin Lakes are rare in the EB-5 market.

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. Our team will provide all the details and information you need about this fantastic initiative.