Legacy Point News

May 17, 2017

Legacy Point opens escrow with Lexington-based Jett Title for sustainable residential development anchored by Jack Nicklaus Signature Golf Course

LEXINGTON, KY. / CITY OF WILMORE – Legacy Point Development has opened escrow with local Lexington firm Jett Title.  Legacy Point is shaping itself to be one of the country's premier sustainable residential development projects. Anchored by a Jack Nicklaus Signature™ Golf Course; clubhouse; and a lifestyle, wellness and activities center, Legacy Point is located just outside of Lexington, Ky. in the City of Wilmore.

"We believe the pieces are all together and the timing is right to launch a project of this caliber forward," said John C. Loudon, Managing Member of Legacy Point.

There are several factors which brought the Legacy Point Development to this point:

  • As of the end of last year, Legacy Point optioned additional strategic lands for development, and the City of Wilmore has annexed these properties and approved the preliminary plat.
  • At the beginning of the year, Lexington was ranked No. 2 by SmartAsset on a list of the 80 largest cities in the country to retire early.  This ranking was based upon Lexington's low cost of living and affordable healthcare.
  • Real estate prices continue to flourish in the metro-Lexington area because of demand and a lack of inventory.
  • The Lexington economy is diversified and continues to show tremendous strength around its vibrant family community.

The strategy and vision for the development remains consistent: To pass on the inherent equity in the project to those early visionaries and members, providing them tremendous value and upside for their investment.  Based on today's market conditions, lots have been competitively priced to the current market value—irrespective of the $50,000 equity club membership that is included with every lot; the additional complimentary club membership; discounted club dues; and quality community facilities. Legacy Point will be an affordable luxury residential community, nestled in the rolling hills of horse farm country, with an emphasis on world-class golf and a whole lot more. It will become a way of life.

The Legacy Point development team has met with nearly all local lenders in the area in order to share their conservative strategy for the development.  Those lenders have responded with very attractive financing options for Founding and Charter members, and are excited about the opportunity to participate in the project via lot financing and subsequent vertical construction.  Early Members will have the option to sell their real estate at any time and retain their Founding or Charter club membership.  Many prospective members have expressed interest in venturing with local builders in order to take advantage of the shortage of quality real estate investment opportunities in the local area.

"We continue to be proud members of the Lexington community and we're even more excited for the community to be a part of this project," said Byron L. Holley, Managing Member of Legacy Point.
Start your Legacy today. An overview of the project can be viewed at legacypointdev.com.  For more information, please contact Byron L. Holley at 859.327.4268 or bholley@legacypoint.com, or John C. Loudon at 404.497.0264 or jloudon@legacypoint.com.

About Legacy Point Capital:

Legacy Point Capital is a middle-market investment banking and advisory firm focused on providing transactional financial engineering services. Through our strategic partners, we utilize debt, equity, wealth accumulation and structured finance strategies for our clientele. Legacy Point structures alternative financing in investing and lending markets. Our team of seasoned veterans and affinity relationships has completed over one billion dollars of financing and capital raises. legacypointdev.com / legacypoint.com
A Jack Nicklaus Signature™ Golf Course is a trademark of Nicklaus Companies, LLC, and is being used under license from its subsidiary, Nicklaus Design, LLC, in conjunction with its agreement to design the proposed golf course at Legacy Point. Although Jack Nicklaus has agreed to act as the principal designer of the proposed golf course, neither Mr. Nicklaus nor any of his affiliates, including Nicklaus Design, LLC and Nicklaus Companies, LLC, will be involved in the development or financing of the Legacy Point project. None of such persons has agreed to review or endorse the structure or merits of any proposed offering to investors, nor have they authorized anyone to make any representation or provide any assurances on behalf of any of them regarding the future prospects of the project or value of any securities sold in connection therewith. For more information on Jack Nicklaus or Nicklaus Design, visit nicklaus.com.

 

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