CHICAGO, April 28, 2015 /PRNewswire/ -- Income producing investments are exactly what many retirees are searching for. Real Estate Developer George Caravelli is seeing this demand first hand. Caravelli opened a real estate investment opportunity and within 48 hours 30 people registered. "This is great momentum, we are still looking for more, but it shows that income generating investments are what people are looking for," said Caravelli, who launched the Worthington Homes Cambria Fund LLC (the Fund). "We are offering a secured 8% fixed return plus a percentage of gross revenue on the homes sold," says Caravelli who is seeking 2 million dollars to complete his latest project, a custom, maintenance free ranch home community in the exclusive suburb of Lakewood, Illinois.
John Straley, co-founder and Senior Partner with Schaumburg-based Infinity Wealth Management, LLC (www.infinitywm.com), says that this can be a great way for clients to diversify. "As an investment advisor, I'm always looking for ways to help clients improve their portfolios. Alternative investments in real estate can make sense for the right type of investor. Alternative investments such as hedge funds, commodities and non-traded REIT's are not directly linked to the returns of the stock market and can, therefore, provide the diversification and yield investors find difficult to attain in this current economic climate."
"Onerous government regulations have deterred banks from making lucrative construction and development loans. These circumstances have created a great opportunity for private investors. Our fund is a way for private investors to earn a return on their investment that exceeds traditional investments," said Caravelli.
Interested investors can visit the webpage and register (www.worthingtonwealth.com). Once accredited investors purchase the minimum of two shares ($10,000 each) Chicago Title Insurance Company will act as the escrow agent for all funding transactions, ensuring complete transparency. "I've known George for nine years and have seen everything he has done, he is a quality person who builds a quality product and cares about others," said Straley, who also points out that a new hospital is being built in the area that will create more demand for housing.
For more information please visit: www.WorthingtonWealth.com
More about George Caravelli, CEO
George Caravelli is the sole shareholder and director of Worthington Homes Limited ("Worthington Homes"). Mr. Caravelli is a Chicago native who began his career in the real estate business at the age of 22 when he purchased his first lot in South Barrington, IL, creating Worthington Homes.
SOURCE George Caravelli