Lonoke County Lending Investment Opportunity
Best Life Investments has a signed purchase and sales agreement for $7,100,000 with Psalm 16:6, LLC (the Seller) for the acquisition of 127 individual parcels with mobile homes on each lot. The total amount of land is 332 acres consisting of 127 individual parcels ranging in size from 0.8 acres up to and including 20 acres. After extensive on-site due diligence and inspections, we’ve determined the current condition of the existing mobile homes would range from poor to good.
Best Life Investments’ plan is to seller finance an estimated 0-15 mobile homes in their current good condition with little or no repair, 50-60 mobile homes with partial remodels and the remaining mobile homes will be fully remodeled. Seller financing is a key strategy contributing to the mutual success of Best Life Investments and our debt investment partners.
The reason seller financing is a key strategy in benefit to the buyer is because mobile home financing and lending institutions for mobile homes is quite limited. In addition, many potential mobile home buyers find it difficult to qualify for mobile home money purchase loans due to poor credit, low income and/or lack of funds to satisfy down payment requirements.
Best Life Investments will immediately begin to market for sale, with seller financing, the existing mobile homes not requiring any additional minor or major repairs. The remainder of the mobile homes will receive a partial or full remodel within an estimated maximum of 3 years. All mobile homes that have been partially or fully remodeled will also be offered for sale with seller financing.
Best Life Investments will provide a land lease to be paid monthly by the mobile home owner estimated between $400 and $600 per month depending on the size of the parcel.
Lender Payment Schedule
Best Life Investments is offering the opportunity for individuals that have cash, retirement funds and/or other sources of capital they would like to invest at a higher rate of return than they are currently being paid. This investment opportunity requires a minimum investment period of 3 years, however in the event of a family or health emergency, Best Life Investments will allow the lender investor to call their funds due no sooner than 18 months from date of deposit and with a 60 day advance notice to Best Life Investments. In order to maintain the integrity and safety of this investment, no more than 10% of total loans may be called due within any 9 month period.
Financial Projections
The Best Life Investments’ proforma projection for the Lonoke County, AR 127 Mobile Home and Land Portfolio Investment that we are forecasting has an estimated Market Value of $21,141,555 at the end of year 7 based on an is 8% CAP RATE and Annual Net Operating Income of $1,691,324. The increase in Market Value and Net Operating Income is based on a comprehensive financial strategy including seller financing at higher interest rates, higher land lease payments that are still affordable and reduced expenses. We also estimate that our partial and full remodel costs including ongoing repair and maintenance costs will be less due to our management and development expertise.
Quarterly Progress Reports:
Best Life Investments will provide investors with quarterly progress reports detailing lease-option and seller-financing activity, construction and remodel status, and key financials, including spending on repairs, maintenance, and partial and full remodels.
The projections and forward-looking statements herein are based on Best Life Investments’ current assumptions, market research, and experience and are provided for illustrative purposes only. They are not absolute predictions or guarantees of future performance, and actual results may differ materially due to risks and uncertainties. Nothing herein constitutes investment, legal, or tax advice; prospective investors should conduct their own due diligence and review the final offering documents. This is not an offer to sell securities or a solicitation of an offer to buy any securities; any offering will be made only pursuant to definitive documents (including a private placement memorandum).
And We're Just Getting Started!
Best Life Investments does not provide investment advisory services. Any information communicated through this website or other means should not be taken as investment guidance. The investment options we offer are exclusively private security offerings. These are not available in the public market and come with certain holding periods, suitable for those who do not require immediate access to their funds. It's important to note that these private placements are not covered by FDIC insurance or any other government protection, nor are they assured by Best Life Investments. They inherently involve the risk of a decrease in value. Neither the SEC nor any state or federal securities regulatory bodies have endorsed these investment opportunities. The financial projections and expected returns presented on this site are hypothetical and not based on actual investment performance; they do not assure future results. Such estimates should not be the sole factor in making investment decisions. While we endeavor to source our information from what we deem reliable avenues, we do not vouch for its accuracy or completeness and do not take responsibility for any errors. Only the official offering documents, detailing the risks, fees, and expenses, are reliable for making or soliciting investments. We strongly recommend that investors engage in comprehensive due diligence, including consulting with financial, legal, and tax advisors, to gain a full understanding of the risks involved in these investment opportunities. Investments in private placements are highly risky, potentially leading to a complete loss of investment, and are generally characterized by limited liquidity. Therefore, it is crucial for investors to seek advice from their respective professional advisors prior to committing to any private placement investments.