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Lenders for Monolithic Dome Rental Projects

We are searching for lenders to fund our Monolithic Dome extended stay cottages. As you can tell by this Domeliving website we are encouraging people around the United States to invest in and/or construct rental units. These are extended stay rental units, in other words, they are like hotels that encourage longer stays, more than one or two nights. They will in general have two sizes, one for one person and one for two people. They are Monolithic Domes which makes them extremely safe, extremely energy efficient and have a long life span. We expect these buildings to be around literally for hundreds of years if the ground does not become more valuable than the buildings.

What we are looking for is people who would like to get involved from a funding stand point. For instance, we would be interested in borrowing money and/or having an investor put money into some of the projects. We are encouraging many other people to be looking for investors and/or lenders. Right now, we are looking for projects that will have about two hundred rental units. We are estimating we will spend about eight to nine million US dollars per 200 unit complex. Additionally each complex is to include a small convenience store/management office and a laundromat for the residents and neighbors.

We can see no possible way to build enough of these across the United States to saturate the market. According to the Chris Herbert, Research Director at the Harvard Joint Center for Housing Studies, “The shortfall in the number of units affordable to extremely low-income renters in the U.S. (those earning no more than 30 percent of the area median) more than doubled from 1.9 million in 2001 to 4.9 million in 2011. The situation just keeps getting worse.”

We suggest you study America’s Rental Housing: Meeting Challenges, Building on Opportunities by the Harvard Joint Center for Housing Studies. These rentals are needed and they make a good percentage ROI and they are always full. Obviously, they are vacant from one move out to the next move in but in between those times they are always full.