Affordable Housing Solutions
The current housing market has made entry-level housing unaffordable for many working-class Americans. Traditional financing options often exclude those with imperfect credit, leading to a significant portion of mobile home loan applications being denied.
Our fund aims to address these issues by unlocking homeownership while simultaneously building fund cash flow.
Competitive Advantage. Vertical Integration.
The Greater Affordability Fund stands out due to its vertically integrated operations that allow us to control the entire value chain and deliver unmatched affordability and quality. Here are some of the key components that give us an advantage.
Exclusive Inventory Pipeline
We source homes through wholesale purchasing, banks, repossessions, and mobile home park (MHP) inventory. This diverse sourcing strategy ensures a consistent supply of affordable homes.
Refurbishing
We refurbish homes to like-new condition and sell them below retail prices. This refurbishing process allows us to offer high-quality homes at lower costs, making homeownership more accessible to our target market.
Lease-to-Own
Our customer lease-to-own financing terms provide flexibility and fast closings, generating immediate cash flow. This financing model is designed to accommodate the financial situations of our customers, making it easier for them to transition from renting to owning their homes.
Investment Features
Depreciation
Depreciation treatment may vary based on investor eligibility and final fund tax structuring.
Short-Duration Investments
Typical note terms range from 4 to 6 years, creating faster recycling of capital.
Immediate Monthly Cash Flow
Notes generate steady income immediately after funding.
Secured by Physical Collateral
Every lease-to-own note is backed by a mobile home with a substantial buyer down payment (20–25%). This provides a layer of security for the investment.
Partial Guarantee
Greater Texas Home Buyers offers a principal-only guarantee by committing to either repurchase defaulted Lease-to-Own contracts or replace them with performing leases. This reduces the risk of loss for investors.
SponsorCloud Fund Administration
The fund's cash flow administration, investor distributions, fund accounting and management are handled by SponsorCloud, ensuring professional and efficient management.