Lake Noire Take Two
Twenty tiny cabins all tricked out. On a lake. Unplugged.
- Sustainable development. Energy efficient features + solar power.
- Short-term rentals. Capitalizing on the increase in rural destination rentals.
- Unplugged & off the grid. Rural, peaceful and close to nature.
- Close to major cities. Short drive to four major cities.
- In progress. Construction on the project is underway.
We’re planning to build a retreat right outside Dallas, with 20 tiny luxury cabins on a wooded 15-acre site with a lake.
Show MoreThe project site, located at 1548 US Highway 84 Oakwood, Texas, is a heavily-treed 14.88 acre site in a primarily rural area, right off the main highway of the City. There are four existing structures, one of which will be retained as a visitor’s center. No zoning or public hearings are necessary for the development to proceed.
Show MoreOakwood, Texas is located 90 miles south of Dallas, Texas and is roughly a two-hour drive away from four of Texas’ major cities - Dallas, Waco, Houston and Fort Worth. Featuring rolling hills and home to a number of Post Oak Trees, this small yet serene town is close enough to a major city to make a weekend away exploring nature easily possible.
Show MoreScottie Smith II, is the developer and manager of the Project. Scottie is CEO of Scottie Smith & Associates (SSA), and a licensed broker, developer, author and entrepreneur based in Dallas, Texas. He is a veteran in the real estate industry, with 15 years of experience, and has helped thousands of people nationwide through his sales and real estate development activities. Scottie has been featured on Black Enterprise, Fox News, Forbes and more as a real estate subject-matter expert. His recently released book, “From Decision to Close", provides a practical, no-nonsense guide to homeownership.Scottie’s journey in real estate began when he purchased his first home and rented spare rooms to friends during his freshman year of college. This sparked his interest. At 19 he got his real estate license. By the time he was 21, he had invested in multiple properties and had numerous tenants.
Total acquisition and development costs of approximately $2.3 million are expected to be financed with debt, sponsor equity, $356,000 in equity previously raised through a Reg CF offering on this platform, and equity raised through this offering. Debt has been secured with Lending Impact and the lender has ordered an appraisal. with an anticipated close date at the end of October, 2022.
Show MoreThe Company is engaged in a Regulation Crowdfunding (Reg CF) offering (the “Offering”) to raise money to build and operate 20 cabins as a short-term stay retreat on a 15-acre site, in the City of Oakwood Texas.
Show MoreUnder the LLC Agreement, all distributions will be made in the following order of priority, after bank loans have been repaid:
Show MoreA crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.
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