Jim Glasgow is being interviewed about ground-up real estate development.
You can earn high investment returns and help create more affordable housing too!
Because the real estate investing marketplace has changed, Mobile Home Parks is once again an attractive investment opportunity. You can participate in one of our Mobile Home Park or Warehouse Business Park developments as a passive equity investor.
This boring Real Estate investing space is producing double-digit returns.
#1: New development of an All-ages Mobile Home Park. Read More
Park site layout design picture
What A 5-star park looks like Link
Today the numbers work. Earn 15.5% plus
I have invested in many income-producing real estate projects over the years; every decade or so, all of the real estate forces converge to create a super good investment opportunity. In the 1980s and 1990s, that was mini storage. In the 2000s, that was apartments. Yes! They are still suitable investments, but the big wins have subsided as everyone jumps into those markets. Today the unmet demand is in Mobile Home Parks.
We have several ways you can invest. One is an Opportunity Zone and Investment Fund. The others are equity investments with regular savings or IRA accounts. Or by being a 1st lien lender.
Investments are appropriate for accredited investors.
Light industry Business Parks: Catering to the small business user is a real estate investment space that is quietly earning double-digit returns for developers and investors. It is difficult for small businesses to find an affordable warehouse/storage yard property from which to operate their business. We can offer new buildings, with more usable cubic space, up-to-date design, and energy-efficient utilities, at an attractive rental rate. Read More
#2 Warehouse Business Parks Read More
Mobile Home Park Layout Picture
Visit Our Opportunity Zone Fund Web Site.
This small, $12,000,000 Opportunity Zone Investment fund, invests in Mobile Home Park Developments, Light Industrial Business Parks developments, and select Multi-Family Projects located in major growth areas in Texas.
Visit our Opportunity Zone Fund
#4 Opportunity Zone Investment Fund Read More Tax-Advantaged Investing
Q: Can we invest with IRA Funds?
A: Yes, this type of investment can be done using a self-directed IRA. We can assist with finding a self-direct IRA custodian..
Q: Can I invest using a 1031 exchange?
A 1: The answer is NO....BUT! OZ Funds can be the alternative to 1031. You dispose of the 1031 investment and roll the capital gains portion of the investment into an OZ Fund investment. Please check with your tax adviser.
Q: When do dividends start?
A: The preferred rate of return accrues to your account starting on the investment date. Payouts of preferred return and profits start after the park is built and passes the break-even point.
We are developing a new Class “A” Manufactured Home Park (MHP) in San Marcos, Texas. (Austin-San Marcos metropolitan area). The MHP will be a land-lease community with the residents owning their homes and renting the lots. The community will have on-site management staff. Amenities will include a clubhouse, swimming pool, tennis courts, basketball court, community garden area, dog park, playgrounds, covered postal box centers, and off-street parking. The construction start date is early 2023.
We have completed the equity fundraising on this project. Investing is available for our Opportunity Zone Fund and the next Mobile Home Park project.
Call for a copy of the PPM and other disclosures at jeglasgow@yahoo.com
Imagine a manufactured home community where all the houses are designed to be rental homes. This type of "Mobile Home Park" is starting to be built around the country; this business model movement is slight but will grow as more investors look for an alternative to the multi-family rental model.
We are working on the design for a 100-house rental-only manufactured home park. Here are some of the many reasons this investment type is attractive.
Our next step is to raise equity funds.
Call with any questions. Jim 210-413-7230
We are developers of mobile home parks and light industrial business parks. In the process of this work, we use several types of loans. All of these can be funded by individuals or entities; Some of these are.
1: Development loans: used to develop the land into a plated residential or commercial subdivision. This type of loan usually covers 65% to 70% of the cost, with interest only for five years. This loan is paid off from the mortgage after the project is cash flow. These are larger loans in the 3-to-10 million range. Interest rates range from 6% to 7.5% with a 1% origination fee.
2: First lien commercial building loan: Once the light industrial park is built, each lot gets an industrial building constructed that is leased to businesses on 5-year leases. Loans range from 65% to 70% of the cost. Amortizations are typically 25-year amortization with a 5-year balloon. Interest rates range from 6% to 7.5% with a 1% origination fee. A typical loan is $500,000 to $1,000,000.
3. Manufactured home chattel financing: The loans are made to us as park owners. Interest rates range from 6% to 8% with a twelve-year amortization—a typical loan is $80,000 to $90,000.
4. Manufactured home chattel financing for the consumer: Loans are typically for $80,000 to $100,000 at interest rates of 8% to 11%. They are first liens with recourse to the park. The buyer makes a payment on the house and another for the house lot rent to the park. Down payments run from 5% to 10%. Loans are amortized over 10 to 20 years.
Call me if you have an interest. JIm 210-413-7230 Jeglasgow@yahoo.com
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Click here to go to our secure Investor Document Portal. There you can register. You will than receive a password email. After you select a password you will be redirected to the investment documents, and disclosure information that you requested. The process is automated and goes quickly.
The Palace Way Investments.
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This is not an offer to sell or a solicitation of any offer to buy any securities. Offers are made only by Prospectus or Private Placement Memorandum, or other offering materials. To obtain further information, you must complete our investor questionnaire and meet the suitability standards required by law.
Please complete the form on this page or Contact Jim Glasgow at 210-413-7230 or Jeglasgow@yahoo.com
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