Mountain Top Properties Inc. (MTPP) Approaches Funding Target for Hamptons Projects
MTPP secured 70% of the acquisition and 100% of the construction costs for Hamptons development projects Target returns estimated at 20-30% per transaction with an anticipated timeline of 15-18 months for each project Recently filed Regulation A offering to raise $10 million Highly diversified portfolio includes investments in PropTech and mixed-use properties Mountain Top Properties (OTC: MTPP), a diversified real estate holding company, has recently secured debt capital commitments covering 70% of the acquisition and 100% of the construction costs for its Hamptons development projects. "The old adage in real estate is ‘location, location, location’,” said Joseph Kelley, CEO of…