Charlotte at Night
Quicken Loans to Join Charlotte Developer Convergent Acquisitions & Development, Inc Preferred Lenders Network

“Convergent Acquisitions & Development, Inc, a leading developer and vendor of real estate located in Charlotte, NC, is pleased to announce the addition of Quicken Loans to their network of preferred lenders. Quicken Loans joins an impressive list of industry leading lenders including Schmidt Mortgage, Franklin American Mortgage, Bank of America and Wachovia that have already been serving Convergent Acquisitions and Development, Inc's customers.”

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nick, June 7, 2007:
Convergent Acquisitions & Development, Inc. Announces Joint Ventures with Craft Homes USA to Build Developments in Charlotte, NC

“Convergent Acquisitions & Development, Inc, a leading developer and vendor of real estate is pleased to announce an expanded relationship with noted regional builder Craft Homes USA. They have formed joint ventures to develop two subdivisions: St. John’s Ridge in the university area, and Sonoma Estates near the new section of I-485 and Mount Holly. Further joint developments, currently in the discussion stages, are anticipated.”

Click here to view this article, June 6, 2007:
Convergent Acquisitions & Development, Inc Announces Executive Director Appointment

“Convergent Acquisitions & Development, Inc, a leading developer and vendor of real estate is proud to announce the promotion of Ryan McBride, from Senior Income Property Specialist to the position of Executive Director.”

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More Convergent News

February 12, 2007 Business Wire - Click To View
January 02, 2007 PR Web - Click Here To View
May 24, 2006 Carolina Newswire - Click Here To View


Charlotte Makes Headlines


From ABC News June 12, 2007:
In a Yearlong Housing Downslide,
Charlotte Keeps Getting Better

People Are Flocking to Charlotte Where They Get More Bang for Their Buck

"While most of the nation is experiencing a downturn, home prices in Charlotte are climbing. The median price of a home has gone up nearly 6.5 percent in the last year according to the National Association of Realtors, while the national median price was down by nearly 2 percent."

 Click here to view this article

From WWAY News channel 3, May 18, 2007:
Charlotte Gets Its Own
Trump Tower

“City and county staffers have had preliminary discussions with Trump's son, Donald Trump Junior, about the plans to build luxury condominiums, a five-star hotel and an office tower.

The complex could include a 60-plus-story building on the southern edge of downtown”
   Click here to view this article



From May 4, 2007: Rates Charlotte #1
among America's Least Overpriced
Real Estate Markets

"No matter the locale, its denizens almost always gripe about the stiff cost of living, housing and doing business. But in some places the financial pain is clearly more acute than others."

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From The Wall Street Journal Online
May 11, 2007:

Where Home Prices Are Hot Now

“Almost every metropolitan market in the country -- except Charlotte -- is experiencing a slowdown in new-home construction.”

 Click here to view this article

From The Charlotte Business Journal May 9, 2007:
Charlotte housing market sees
'incredible growth'

“Almost every metropolitan market in the country -- except Charlotte -- is experiencing a slowdown in new-home construction.”

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From May 15, 2007:
Best and Worst U.S. Housing Markets: Charlotte Ranks #5 Among Best Markets

“'What we're seeing now are the areas which still have a strong economy, but didn't have the overheated prices [during the housing boom], are the ones holding on strong now,' says Kermit Baker, a senior research fellow at Harvard University's Joint Center for Housing Studies.”


From The Charlotte Business Journal April 23, 2007:
Study: N.C. ranks 5th for tech job growth

“North Carolina ranks fifth in the nation for job growth in the high-tech sector, a new study says.

The state had a net gain of 7,600 jobs in 2005, according to the report, titled Cyberstates 2007: A Complete State-by-State Overview of the High-Technology Industry.”

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Homestead Glen

Convergent Acquisitions & Development, Inc is pleased to make available to our clients our newest development, Homestead Glen. These homes are perfectly located in Northwest Charlotte just 20 minutes to the uptown at the junction of several major interstates including 85, 77, 485 and highways 29 & 49. The neighborhood is also only minutes from Charlotte Douglas International Airport. The development is very well located in a secluded setting off Valleydale Road giving homeowners the best of both worlds; convenience and accessibility! This area has also shown signs of being a great rental area.

As our customers know, our brand new homes are always upgraded with our exclusive rent-ready package, and come complete with the builder’s 2-10 year warranty. With all the up indicators in the area and convenient location, this neighborhood will sell out quickly. Do not miss your opportunity to get into this amazing market.

Click here to find out more about the incredible growth potential of northwest Charlotte and to view inventory in Homestead Glen. 



New Sections of I-485 Make Sonoma Village Even More Appealing

Once again Convergent is in an area ahead of major development. On May 9, 2007 the newest section of I-485, known as the Outerbelt, opened between NC 27 and NC 16. This section includes an exit in near our Sonoma Village neighborhood easing access to uptown, the new Northlake Mall and Charlotte Douglas International Airport, and triggering an area specific mini-boom.

When I-485 is completed it will be Charlotte’s first loop road around Mecklenburg County - easing access to Uptown for those living and working around the county. As the Beltway is built through suburban areas of the city development has exploded around it. This new section has been no exception. Retail is flourishing and plans continue for Mountain Island Promenade, a $133 million multi-use development.

Click here to find out more about the impact of I-485 on Phase 1 of Sonoma Village and the other up indicators in the area and to see available inventory.


Rock Hill Is On It's Way Up... But We Already Knew That

Recent reports in the news are only confirming what we predicted. The counties in South Carolina that are in commuting distance to Charlotte are showing incredible growth and development. With Charlotte joining the list of fastest growing areas in the country, the surrounding counties are really feeling the effects in rising homes sales.

Residents are attracted to the area by all the housing choices, great schools and convenient proximity not only to Charlotte but also the mountains and the coast. Retirees have been especially drawn to this prime location as an alternative to the continuously rising expense of moving to more traditional retirement destinations like the coast. This has been proven by the overwhelming success of Del Webb’s Sun City Carolina Lakes located in Lancaster, South Carolina.

Convergent Acquisitions & Development, Inc was once again way ahead of this announcement by locating our Constitution Park neighborhood in Rock Hill, South Carolina just across the state line. To see available inventory in Constitution Park and to find out more about the hyper-growth potential of the Rock Hill area click here.

S.C. counties grow,
thanks to Charlotte

Commuters buying homes in Chester,
Lancaster and York

"Charlotte is one of the fastest-growing areas in the country," said Chip Taylor, research associate at Clemson University's Strom Thurmond Institute of Government and Public Affairs. "There was a ripple effect." Another reason for the boom in the housing market may be a group of people who have historically moved to the coast. "There's a significant influx of retirees," Taylor said.

 Click here to view this article



Quicken Loans Joins Recommended Lender Network

A very important aspect to our potential turn-key solution is our referral relationships with best mortgage companies in the business for our investor clients’ needs. We are pleased to announce the addition of Quicken Loans to our network of preferred lenders. As our clients already know, the only way to make our short list of lenders we recommend to our clients is by providing the best products and customer service around. Quicken Loans has proven that they can perform for our customers.

Quicken Loans joins an impressive list of industry leading lenders including Schmidt Mortgage, Franklin American Mortgage, Bank of America and Wachovia that have already been serving Convergent Acquisitions and Development, Inc’s customers. With 22 years of mortgage lending experience Quicken Loans is America’s number one online mortgage lender and one of the largest home loan lenders nationwide. Quicken Loans closed nearly $18 billion in home loans last year alone.

Remember every loan and situation is different. To find out what product is best for you consult Quicken Loans or one of Convergent’s other preferred mortgage professionals.

*You are under no obligation to use any particular mortgage lender, property manager, or insurance company. Recommendations are made as a courtesy only, based on the reputation of, and our experience with, the referred companies. Convergent Acquisitions & Development Inc. and their advisors cannot be and are not responsible for the conduct of other firms.

**Nothing herein implies that other than the owner is responsible for choosing and directing each element of management. Convergent Acquisitions & Development Inc. is a developer and vendor of real estate, and nothing herein should be construed as legal, tax, financial or other professional advice.
© 2007 Convergent Acquisitions & Development, Inc. All rights reserved. The information provided herein is provided for informational purposes only, and is not intended to be a substitute for your own due diligence and independent research. You agree that any purchase decisions you make will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, financial condition, and liquidity needs, and any other information available to you.  You are reminded and agree that all real estate used for income or other investment purposes face the risks attendant to such an application, including that real estate values may go down, rents may decrease, and that vacancy rates may rise. Real estate is by its nature illiquid and a ready market may not exist for any particular property once purchased.  Past performance is not a guarantee of future performance or results.  By reviewing the information contained herein, you are agreeing to the terms and conditions contained in that certain page labeled "Terms and Conditions" which has been made available to you.