Real Estate Developer Turns to Crowdfunding

CHICAGO, April 7, 2015 /PRNewswire/ -- Seasoned Real Estate Developer George Caravelli unveiled The Worthington Homes Cambria Fund LLC (the Fund) today.

Photo - http://photos.prnewswire.com/prnh/20150406/196711

Photo - http://photos.prnewswire.com/prnh/20150406/196710

The Fund (www.WorthingtonWealth.com) is structured to offer investors attractive returns with highest form of security available by granting the first and only mortgage on the Property to the Fund, exactly as a bank would receive.

"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.

"The banks have taken such losses during the downturn they won't return to development or construction until the market is hot again or unless you are borrowing your own money. This fund is a way for private investors to earn a return on their investment that is greater than traditional investments," says Caravelli. Interested investors can find complete information on the fund's website. These investments are only open to accredited investors. Once invested in the development, the Chicago Title Insurance Company will act as the escrow agent for all funding transactions, ensuring complete transparency.

Caravelli has opened investing up lightly before and with much success. "I purchased four lots with George and he built the homes and we sold them and made a great profit," said Greg Steiner who is eager to invest with Caravelli again. "I think this is a great idea, selling shares to investors who are looking for a great return," added Steiner.

The European Cottage style homes are priced from $375,000 to $595,000 for fully customized luxury homes. Bringing in Traffic to see the model home has not been an issue. In fact, two pre-sales are confirmed, but Caravelli says he believes more business could be achieved if they had more homes available for immediate move-in. Caravelli says he is selling shares to accredited investors at a first come basis, limiting it to no more than 100 investors. 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. He continued building custom homes and the business began to grow organically. In 1999 Mr. Caravelli decided to take the business to the next level and began developing land and creating communities. His skill set includes pre-development conceptual activities, market research analysis, land planning, negotiating and obtaining development project financing, securing municipal entitlement approvals, architectural specification, sales center design, advertising and marketing, model merchandising, construction management team formation, sales team management and closing procedures.

Christine Bachman
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SOURCE George Caravelli

Related Links

http://www.worthingtonwealth.com