MIAMI, June 14,
2024 /PRNewswire/ -- Safe and Green Development
Corporation (NASDAQ: SGD) ("SG Devco" or the "Company") is pleased
to announce a strategic agreement with Trio Residential LLC
("Trio") (https://www.thinktrio.com/) . This collaboration adds
Trio's innovative home financing solutions into SGD's Xene Home AI
Platform ("Xene") (https://xenehome.com/), with the goal of making
homebuying more achievable for more customers.
By adding Trio's, lease-to-own and seller financing programs
into SGD's Xene, the collaboration aims to empower customers from
diverse backgrounds to achieve their dream of homeownership. Trio's
home financing solutions will expand the range of options available
to consumers, offering additional pathways to realize their real
estate goals.
Xene customers will gain access to Trio's various down- payment
assistance products, including their lease-to-own program. Trio's
unique "Link Home Loan" and "Convertible Lease" provide borrowers
with challenging financial backgrounds an opportunity to overcome
barriers presented by traditional mortgage products and fulfill
their aspirations of becoming homeowners.
David Villarreal, CEO of Safe and
Green Development Corporation, expressed his enthusiasm about the
arrangement, highlighting the enhanced flexibility it will bring to
users of the Xene Home Platform. The access to Trio's unique
products aligns perfectly with SG Devco's mission to make
homeownership a tangible reality for as many individuals as
possible. Villarreal added that the collaboration is a testament to
both companies' shared dedication to providing innovative products
and services to stakeholders.
The Xene Home Platform promises to extend the reach of Trio's
current lender distribution channel expanding upon Trio's
direct-to-consumer solution, commented Darryl Lewis, Trio's Founder and Managing
Director. Trio believes in the collaboration as well as the
intelligence behind the Xene platform and looks forward to
expanding the relationship.
The Company anticipates enriching our customers' home-buying
journey through this collaboration, as Trio's products will be
accessible on the Xene Home Platform within the next 30 days.
About Safe and Green Development Corporation
Safe and
Green Development Corporation is a real estate development
company. Formed in 2021, it focuses on the development of sites
using purpose-built, prefabricated modules built from both wood and
steel. The thesis of development is to build strong, innovative and
green, single or multifamily projects across all income and asset
classes. Additionally, a majority owned subsidiary of SG
DevCo, Majestic World Holdings LLC, is a prop-tech company
that has created the XENE Home Platform. It is powered by advanced
AI technology which aims to decentralize the real estate
marketplace, creating an all-in-one solution that brings banks,
institutions, home builders, clients, agents, vendors, gig workers,
and insurers into a seamlessly integrated and structured AI-driven
environment. MyVONIA Innovations LLC, a wholly own subsidiary, is
the owner of MyVONIA which is an AI-powered personal assistant
designed to help simplify daily tasks and improve productivity for
individuals and businesses. MyVONIA aims to assist with managing
both personal and professional tasks.
More information about SG DevCo can be found
at www.sgdevco.com.
ABOUT TRIO
Trio's mission is to promote household
stability and community vitality through innovative homeownership
solutions. Trio has been helping Americans achieve their goal of
homeownership since 2001. Thousands of families have secured their
housing future with Trio's innovative financing programs.
Through partnerships with private industry, government, non-profits
and community organizers, Trio's lease-to-own and seller financing
agreements propel households from renting to owning. With Trio,
hundreds of mortgage lenders provide more home financing solutions
for consumers entering new careers, gig workers, business owners,
those seeking US citizenship, or those simply having a difficult
time qualifying for a traditional home mortgage. Learn more
today at thinktrio.com, mylinkloan.com or email info@thinktrio.com
.
Safe Harbor Statement
This press release may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other
than statements of historical fact are, or may be deemed to be,
forward-looking statements. In some cases forward-looking
statements can be identified by terminology such as "may,"
"should," "potential," "continue," "expects," "anticipates,"
"intends," "plans," "believes," "estimates," and similar
expressions, and include statements regarding the collaboration
with Trio empowering customers from diverse backgrounds to achieve
their dream of homeownership, enriching customers' home-buying
journey through the collaboration, Trio's products being accessible
on the Xene Home Platform within the next 30 days and expanding the
relationship between Trio and Xene, and Xene Home creating an
all-in-one solution that brings banks, institutions, home builders,
clients, agents, vendors, gig workers, and insurers into a
seamlessly integrated and structured AI-driven environment. These
forward-looking statements are based on certain assumptions and
analyses made by us in light of our experience and our perception
of historical trends, current conditions and expected future
developments, as well as other factors we believe are appropriate
in the circumstances. Important factors that could cause actual
results to differ materially from current expectations include,
among others, the Company's ability to add Trio's solutions Xene as
planned and achieve the anticipated benefits of the collaboration,
the Company's ability to obtain the capital necessary to fund
its activities, the Company's ability to attract banks,
institutions, home builders, clients, agents, vendors, gig workers,
and insurers to join the Xene Home platform, the Company's ability
to monetize its real estate holdings and the other factors
discussed in the Company's Annual Report on Form 10-K for the year
ended December 31, 2023 and its
subsequent filings with the SEC. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date hereof. All forward-looking statements
are qualified in their entirety by this cautionary statement and
the Company undertakes no obligation to revise or update this press
release to reflect events or circumstances after the date
hereof.
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SOURCE Safe and Green Development Corporation
