- JZZ Technologies ( OTCPK:JZZI ) on Wednesday announced a letter of intent with Oxygen Mortgage and Oxygen Management LTD to jointly develop a diversified mortgage and real estate development company.
- JZZ ( OTCPK:JZZI ) and Oxygen will create a new joint venture in the next 90 days targeting real estate projects in South Carolina initially, and then nationally starting in 2023.
- The JV already received investment commitments for a multi-unit complex near Clemson University. Total project value will exceed $1M.
- JZZ ( OTCPK:JZZI ) will be responsible for site evaluation and selection, land use entitlement, project site development and project financing.
- JZZ ( OTCPK:JZZI ) is also actively pursuing similar profile projects, as well as larger-scale projects in South Carolina and Florida.
For further details see:
JZZ Technologies, Oxygen Mortgage to set up new real estate JV