Private lending group provides funding for innovative building project.
BOCA RATON, FL, May 24, 2022 /24-7PressRelease/ — Titan Funding, LLC, to provide project funding for an innovative development in Wiscasset, Maine. Phase 1 of the $12.7 million development at Clark’s Point, a waterfront, 200-acre subdivision, will consist of 27 single-family, solar-powered homes with completion expected later this year. The project was brokered by Gen-X Capital who connected Renewabuilt, LLC with Titan Funding, enabling the investment of $13 million to help fund the development.
“Titan Funding is delighted to have been able to fund this inspirational development,” says Company President Edward Piazza. “The current housing situation in the US makes Maine extremely attractive to buyers who are looking for affordability, especially those who may not be locality dependent. Our company is particularly happy to support a development that is so strongly geared towards consideration of environmental and sustainability issues.”
Renewabuilt sees its market as “the global community of investors, vacationers, and work-from-home professionals seeking the quality of life with which Maine has become synonymous.” Properties will be turnkey ‘green’, offering net-zero living due to LEED- and Passivhaus-inspired building standards and the installation of solar photovoltaic systems. The first phase will be completed later this year with Phase 2 slated to launch in 2023, taking the development to a total of 49 single-family homes.
Titan Funding supports Renewabuilt’s vision of mid-coast Maine as an area ripe for growth, while also offering solutions to the nationwide housing affordability crisis. At present, this area does not attract the premium pricing of southern Maine; however, the region is already attracting attention from forward-looking investors. Presently a tourist destination, Wiscasset is located between the cities of Augusta and Portland and is known for its many examples of pre-revolutionary architecture.
Titan Funding has a team of highly experienced CEOs, investment professionals, and entrepreneurs. The company offers a single source for debt, equity, and investment capital. Titan Funding prides itself on an outside-the-box approach to problem solving.
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