NASHVILLE, TN , Dec. 11, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – LIG Assets, Inc. (OTC PINK: LIGA) (also known as the "Leader in Green Assets" or "LIGA") announced today a major step forward in the Company’s plans for expansion, in particular the continued development of “Bella Serra” in Brentwood, Tennessee – LIGA’s upscale residential development project. The Letter of Intent includes a binding $3 million loan for direct development purposes for “Bella Serra” and a $2 million line of credit for LIGA’s subsidiary, LIG Developments (LIGD). In addition, a preliminary agreement has been reached to combine three major companies to form a new venture/enterprise with LIGD. Per the agreement, LIG Assets, Inc. (LIGA) will remain the “prime” and largest shareholder of LIGD. LIGA will not comprise the integrity of the share structure and the agreement will be structured so it is non-dilutive to the shareholders.
LIG Assets President, Marvin Baker, states, “A significant part of the agreement includes a Real Estate TV Network that partners us with one of the largest real estate companies in the world – once completed LIG Assets will be able to own and manage each and every step in the building and construction process, from purchase of raw land to global marketing of our unique disaster resistant and self-sufficient homes and structures, to handing the new owner the keys.”
LIGA Homes President, Linda Byrd, states, "Alexa Bass, Senior VP Sales/Marketing, and I are excited to have assembled this unique and diverse portfolio of Investors to implement our dual stage funding plans for both Brentwood and LIG Developments. Their involvement will provide the funding structure to allow LIG Assets to advance exponentially in the growth of LIG Developments capabilities. The result of this loan will be a combination of streamlining our build process and eliminating the third party supply side and become the national supplier for magnesium oxide products. One manufacturing solution through steel and MGO panel prefabrication resulting in decreased residential and commercial build time by 55% and further reducing labor cost by 45% far exceeding project budget goals not only for Bella Serra Brentwood but all projects cultivated and implemented through LIG Developments/LIG Assets.
The additional operating and development capital and credit line comes at the perfect time for LIGA Homes. LIG Assets has recently entered the next step of the Company’s “Bella Serra” Brentwood residential development project with permitting application to Nashville’s Metro Davidson County. The completed site plan has significant projected gains of $52,470,000 Gross Sales - far exceeding the Company’s original project goals. Phase One of the project will include 90 residential units total with 10 Luxury single family homes and 80 multi-family “Lifestyle Condos”.
Linda Byrd also states, “The next critical component Alexa and I thought to identify as essential gave the most security to the investors as it will ensure the success of our joint venture by the implementation of a national sales force to propel the launch that will initiate an international campaign to promote and sell our sustainable builds. We are excited to reveal our entire plan and the names of the companies we have cultivated for this multiple deal structure in the coming days that will forever change our vertical movement north and we expect to achieve this by month end.”
Company Chairman, Aric Simons, states, “I would like our partners and shareholders to know that we are in the process of implementing a master contract – with terms that will provide immediate capital for LIG Assets, LIGD and LIGA Homes. This partnership incorporates all elements, vertical and horizontal, with proven industry leaders that will expand LIGA’s capability and resources that will position LIGA to be an industry leader in sustainable building and developments on a substantially expedited basis.”
Bella Serra – Brentwood:
A Luxury Mediterranean hillside resort development offering the variety of custom single family homes and the simplistic lifestyle living of condominium villas for the most discerning buyers of luxury living at its finest. The most unique feature of these homes will be the green sustainability factor built with consideration of the environment in mind. A high quality luxury resort lifestyle community with wellness in mind while reducing carbon emissions and energy consumption to improve our quality of life. Derived from the Latin/Italian influence Bella meaning beautiful and Serra meaning views from a high place or high ridge as our community rests at one of the highest peaks in Brentwood with our ridgeline facing south into Brentwood/Franklin and the lower lined development facing toward Nashville.
Bella Serra is a concept development using sustainable building products brought to us by well-known Environmentalist Robert Plarr. Bella Serra will be Nashville and Middle Tennessee’s first fully sustainable community. A new approach to residential build application using light gauge steel framing versus wood framing with our high quality magnesium oxide panels where the combination creates a sustainable structure resistant to 185 mph winds, water and mold resistant, fire resistant to 3500 degrees with a burn rate of 5 hours before the material begins to breakdown.
For more information about LIGA Homes’ disaster resistant homes and structures please contact our Company directly at -www.LIGAHomes.com or call us at 833-LIGAHOMES
General inquiries: ContactUs@LIGAHomes.com
About LIG Assets, Inc.:
LIG Assets, Inc. in association with Robert Plarr is the emerging "Leader in Green Assets" -- focused on exclusive green, renewable energy and sustainable homes, living systems, technologies and components to be utilized in the residential and commercial real estate acquisition and development projects currently under way and now individual product sales, as well as rapid expansion into other sectors via acquisitions, mergers and joint venture partnerships. LIG Assets, Inc. trades under the ticker symbol "LIGA".
LIGA Homes in association with the Company’s other wholly-owned subsidiary, LIG Developments, LLC., a steel framing manufacturing and design entity incorporated under the LIG Assets corporate umbrella will fast track LIGA Homes’ development as an emerging pioneer in the green and renewable energy sectors having successfully created the world’s first earthquake, flood, hurricane and fire resistant homes and structures that are 100% fully sustainable and disaster resistant – from individual green systems and homes to fully sustainable communities and commercial centers - completely revolutionizing the sustainable and renewable construction movement forever!
Forward-Looking Statements
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks are detailed in the Company's respective filings at www.otcmarkets.com.