TAMPA, FL -- (Marketwire) -- 11/12/12 -- American Community Development Group, Inc. (PINKSHEETS: ACYD)
American Community Development Group, Inc. (ACYD) is pleased to announce that it has received a commercial real estate funding facility from a private investment group, US Finance Group, LLC of Sudbury, Massachusetts.
These funds are to be utilized as part of several transactions that are currently in negotiation. The Company has received requests for the refinancing of properties from several nonprofit groups in the Tampa Bay market and it also believes that it can fulfill a market niche for similar services on a regional and national basis. These consulting and financing services are seen by the Company as imperative to our ability to market our services over a broader geographic area and will add increased revenues above those generated by direct property ownership coordinated with nonprofit clients. The Company is also progressing on its plan to conclude acquisitions of businesses that will serve to employ those deserving clients of the nonprofits, whether housed in Company properties or others.
About US Finance Group, LLC
US Finance Group, LLC is a private real estate investment company with a portfolio of properties located in the northeastern United States. Their primary focus has been on Section 8 housing, but they also have experience with property ownership and development using Commercial Development Corporation funding and HUD. Through its clients and relationships, we can expect to coordinate financing and property acquisition options using our previously announced relationship with Government Deal Funding.
About American Community Development Group, Inc.
American Community Development Group, Inc. is a for-profit corporation founded to provide advisory support and management guidance to the non-profit community to assist their support of various economically distressed citizens. ACYD believes in the concept of "social entrepreneurship" as stewards of our investors' and our own resources while also creating strong economic returns on the Company's capital.
ACYD, in its capacity as a Holding Company, will acquire regional or national businesses that indicate significant revenue contributions potential. ACYD will acquire assets in local businesses, multi-family, affordable housing and other high occupancy commercial real estate properties. The Company will break new ground as a national provider of these affordable housing services by specializing in the client residents of non-profits that have been previously under-served. For further information view our website, www.americancommunitydevelopmentgroup.com.
"We are acquiring interests in multi-family, affordable housing and other high occupancy commercial real estate properties. We will break new ground as a national provider of these affordable housing services by specializing in residents that have been previously under-served. As a for-profit company, we have the ability to acquire, renovate and manage group housing, primarily apartments and other multi-family properties. We will dramatically increase cash flow through greater population density combined with efficient and professional property management," Folger related.
Job Creation is Profitable Enterprise
The second focus of ACDG is to create jobs appropriate to the same disadvantaged citizens further supporting social entrepreneurship. These jobs will be created in various enterprises that require minimal capital versus their return through profits. The enterprise will be created through acquisition of profitable businesses or the launching of franchise type businesses that meet the employment and profitability criteria.
The corporate principals of ACDG are experienced property developers and managers on a regional level in residential/commercial real estate. They also have a wealth of experience in emerging growth of public and private entities, capital markets, and merger/acquisition strategies.
Rebuilding America, One Life at a Time!
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings.
Tampa, Florida 33613
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