Meli Farnam's Contact Details

Meli Farnam's Company Details

Green Community Development LLC

N/A, N/A, US • 5 - 9 Employees
Real Estate

For real estate investors who are knowledgeable about market trends, fluctuations, and the opportunities they create, buying distressed assets can be a very profitable business. The current credit crisis and oversupply situation have now combined to create a particularly favorable situation for such investors in the commercial, industrial, and residential real estate industries.In light of the current market conditions, we purchase and rehabilitate multi-family properties in the Texaplex area while integrating materials and methods that promote environmental quality, economic vitality, and social benefits through design, construction, and operation. We align affordable housing investment strategies with environmentally responsive building practices.We have developed and created a 'Healthy Living Environment' concept that will directly address and improve many issues on a grand scale. By instituting these green concepts into multi-family properties, we will be addressing hundreds of residential units at one time instead of one house at a time!Many analysis believe that the nationwide housing crisis is currently peaking, as mortgage defaults and foreclosures continue to increase at unprecedented rates and adjustable rate mortgages (ARM's) reset in record numbers. We will operate in a region in Texas that has been particularly hard hit by the downturn, which includes the Dallas/Fort Worth Metropolitan area, Austin, San Antonio and Houston. This presents a substantial opportunity. While many investors back away when the market trends suddenly and unexpectedly lower, we will directly benefit from it, with less competition from unsophisticated investors who no longer have access to easy credit. In addition, many other would-be competitors erroneously judged the market and are failing under the crippling debt of overpriced pre-2009 purchases.