NNC provides high-quality, sustainable, modular housing worldwide. With a 29,000-home, $3B, in-hand contract, $300M in land and a $100M credit line NNC is positioned for global success.
Next New Concept (NNC) is a U.S. holding company structured with its foreign subsidiaries to produce economical, scalable housing solutions. NNC has collaborated with one of the largest private landowners in the Ivory Coast to build residential developments.
NNC has secured a $100 million non-dilutionary credit facility from a known international lender primarily collateralized by the value of the property being developed and pledged by our JV partner. The proceeds to be utilized in the development, the manufacture of homes and their construction.
NNC™ homes incorporate sustainable materials, proprietary patents-pending structural aluminum framing and attractive, durable finishes, high-quality windows, doors, and appliances. Finished homes are turnkey and move-in ready.
The incentive to utilize the NNC WHOLE HOUSE Building System™ is NNC's high production capacity of 400 homes per month. Our innovative technology and construction systems are designed for EASE of manufacture, SPEED of construction, and SUPERIOR performance.
All this is accomplished in an automotive-style, mass-production environment. NNC homes are delivered to their building lots where final installation takes place. From factory to move-in, most homes are completed in 2 to 8 days (depending on size and complexity) by NNC factory install crews.
Next New Concept will use the proceeds of this offering for a U.S. base of operations and corporate headquarters. We maintain U.S. ownership of our technologies, patents, trademarks, product testing, and independent certifications. We license these to our foreign subsidiaries and draw ongoing management and licensing fees from them.
As majority owners, we control the distribution of profits. We are risk averse requiring our customers to provide down payments and necessary financial resources: cash, sovereign guarantees, and/or collateral to fund their projects independently of Next New Concept.