ALPHARETTA, GA - SEPTEMBER 15, 2023 — Veribas, a rapidly expanding real estate investment and technology company, is excited to announce the allocation of $12 million in funding to drive strategic initiatives. This significant investment reflects Veribas's commitment to expanding its presence and offering exceptional opportunities in the real estate market. Veribas is focusing on BRRR’s of single family homes with initial acquisition cost of under $500,000 at 60% or less of ARV. Of the $12 million secured, Veribas has strategically allocated the funds as follows:
$3,600,000 for Acquisitions on the Alpha Loop:
Veribas will dedicate a substantial portion of the funding towards acquiring properties in the currently developing Alpha Loop area. This investment is part of Veribas's ongoing commitment to identifying emerging real estate hotspots and capitalizing on growth opportunities.
$3,600,000 for Upcoming Development: The Gathering at South Forsyth:
A significant portion of the funding will be directed towards The Gathering at South Forsyth, a prominent real estate development project. Veribas aims to enhance this project's success and deliver exceptional value to homebuyers and investors.
$4,800,000 Reserved for Remodeling, Holding Costs, and Discretionary Funds:
Veribas recognizes the importance of maintaining and renovating existing properties to meet modern standards. A significant portion of the funding will be reserved for remodeling and renovation projects, including those aligned with the Buy, Renovate, Rent, and Refinance (BRRR) strategy. Additionally, funds will cover holding costs during property transitions, ensuring that Veribas properties remain attractive and competitive in the market.
Veribas remains committed to leveraging these funds effectively to create value for investors, homebuyers, and the communities it serves. The company is excited about the opportunities these investments will bring to the real estate market.
For more information about Veribas and its strategic initiatives, please visit Veribas Website.
About Veribas:
Veribas is a forward-thinking real estate investment and technology company dedicated to providing innovative solutions to homebuyers, sellers, and investors. With a strong focus on leveraging technology and data analytics, Veribas offers a wide range of services to help individuals navigate the real estate market with confidence.
Media Contact:
Ahsan Charania, Owner
Veribas.com
