Business
Second Street Capital, Inc., has joined forces with NeoPod Systems, LLC to provide builders with tools to help them bring quality affordable housing to the market
Second Street Capital, Inc., has joined forces with NeoPod Systems, LLC to provide builders with tools to help them bring quality affordable housing to the market.
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[{"type":"text","content":"Second Street Capital, Inc., (CTON:PK) has joined forces with NeoPod Systems, LLC to provide builders with tools to help them bring quality affordable housing to the market in order to answer the housing needs of communities across the U.S. as well as many areas throughout the world. In order to demonstrate the NeoPod system, Second Street Capital Inc. plans to begin construction of a model home in Fort Lauderdale later this year.Second Street Capital Inc. intends to finance projects utilizing NeoPod Systems’ modular, factory built bathrooms and kitchens. These modular units can be easily customized and integrated into the design build process.Chuck Ermer, CEO of NeoPod Systems, LLC explains, “Builders using the NeoPod System will gain a significant competitive advantage due to the fact that they can deliver projects in shorter timeframes with less cost variability while at the same time providing a higher quality product at more affordable prices. In addition, Second Street Capital can provide project financing and oversight that minimizes cash flow risk and allows builders to quickly complete their projects and grow their businesses.”The NeoPod System consists of factory built, modular components (bathrooms, kitchens) ideally suited for multifamily projects, medical clinics, hospitals, dormitories and military barracks. These units are produced in a controlled environment utilizing state of the art equipment (CNC machines) and processes. The modular units include all framing, MEP connections, finishes (tile, paint, wallpaper, accessories), and fixtures (lavatories, water closets, showers, faucets, lights, electrical devices) combined as a complete unit. Once delivered to the jobsite, the units are easily integrated to the building’s onsite structure and services. Kyle Meyer, CEO of Second Street Capital, Inc. states “We have looked at several modular manufacturers and decided that the NeoPod System was a home run, do to the fact that it’s simple plug and play connection method can quickly and easily be installed into the main structure while the main structure is built on-site. Neopod’s units can be integrated into a variety of building structure types including poured concrete, masonry block, steel frame, SIP panels, tilt up, tunnel form ...