Gilmore Homes - Gilmore Loans, LLC is a collective of amazing new companies striving to build value for our stakeholders and the communities that we will serve.
Gilmore Homes – Gilmore Loans, LLC was founded in Hattiesburg, Mississippi in 2015, and established as a domestic, limited liability company in Atlanta, Georgia in 2018. As a startup proptech, fintech, and consumertech company encompassing real estate, technology, financial services and consumer goods, the firm will design, develop, distribute, own, and manage new, ground-up developed single family homes, multifamily apartments, condominiums, townhomes, hotels, shopping centers, retail stores and restaurants’ concepts, and other business development underpinnings (See Portfolio Companies).
In May of 2019, Gilmore Homes – Gilmore Loans, LLC filed its Regulation A+, Tier II application, filing, forms and amendments with the Securities and Exchange Commission (SEC) to launch a $50,000,000 (fifty million) crowdfund to both accredited and nonaccredited investors (General Public) in order to sell its stock (equity) (members interest) to develop both residential and commercial real estate juxtaposed consumer goods and businesses. Ironically, on the Founder’s Birthday in the year 2020, the United States Securities and Exchange Commission (SEC) QUALIFIED the Offering. Gilmore Homes – Gilmore Loans, LLC is now only the second African American owned company to ever reach this feat (Regulation A+ Tier 2) in the history of the United States. Formerly the Michael L. Gilmore Development Co., the firm became the first African American company to reach a Regulation 506 D status in 2006. In 2021, the fund ended its’ 12 month period. For FY 2022, our firm is “Testing the Waters” again for our 2nd fund for $75,000,000 after SEC qualification.
Gilmore Homes – GIlmore Loans, LLC like many companies and entrepreneurs succumb to the devastation of Covid-19 on its operations, equity and fundraising. Unable to recover, Founder Gilmore became homeless and moved to Los Angeles, California. A few months later, Gilmore will land a part-time job in Beverly Hills, working for a former attorney, Jewish millionaire, real estate “shared office” mogul, and now celebrity magician. The company is now re-organized and operating in LA.
Founded by Morehouse alumnus Michael L. Gilmore, who holds a B.A., M.Ed, and Ed.S., in addition to an honorary M.A., and Ph.D., he is designing for 2022-2023, GILMORE TOWER LA, a proposed 50-story $300,000,000 luxury edifice that will encompass retail, restaurants, residences (multifamily apartments and condominiums), hotel, office, and entertainment such as indoor ice skating rink, movie theater and performing arts center, becoming one of the largest mixed use complex owned by an individual (with investors in the company). DOSSIER SYNOPSIS: Gilmore is a writer and author of two books in academia published by McGraw Hill (Primis); Concept Designer of apparel, shoes, electronics, commercial and residential real estate; a TV guest/columnist featured many times on WDAM’s NBC “Viewpoint;” Scholastic honors with a 3.8 GPA on the Master’s and Specialist levels in Higher Education; As an entrepreneur, founded over 85 companies on paper (startup, pre-development phases) such as Mall of Mississippi (MOM), Mall of Atlanta, Georgia (MOAG), CAN YOU SPARE A DOLLAR? $1.00 Stores, Gilmore Homes – Gilmore Loans, LLC (building, financing, and renting new starter homes under $100,000), GILMO GILMONI, GILMOUR MICAL, LORD, JULY & CHRISTMAS, and GENTLEMEN, PREPS & YUPPIES upscale Department Stores, that will anchor Mall of Atlanta, Gilmore Tower, and our shopping and town centers around the United States (in select markets) including our Big Box Retailer GIL*MART, becoming apart of our mixed-use developments; Gilmore Subdivisions (consisting of land, our proposed single family homes, townhomes and condos with retail and restaurants in our developments), etc.
Sir Gilmore is also an award winning writer featuring social commentaries in prestigious journals, newspapers and other mediums throughout the world including poems in published anthologies by the National Library of Poetry. Mr. Gilmore was also selected to be featured in the publication of HowIStarted.Org, sharing his story and interview of “How I Started a $50,000,000 Real Estate Company Fund to Address Affordable Housing in America.” Notwithstanding, personally, some of his hobbies include singing, playing the keyboard and drums, public speaking, writing, traveling, music studio production, acting, and other underpinnings. Gilmore is also the Founder and Executive Director of the Hattiesburg University Foundation, a 501(c)(3) non-profit charity, founded in 2003 and IRS ruling determined in 2007, whose mission “Serves humanity through human philanthropy via impacting the benchmarks of education, literacy, affordable housing, and community development.” The foundation has received numerous grants from prestigious global foundations, making an impact. In higher education, Gilmore’s published Dissertation/Thesis includes the action research study — “The 21st Century Talented Tenth: Students’ Attitudes Toward the Effectiveness of Academic Programs Versus Career and Technical Education at Historically Black Colleges and Universities Long After the Booker T. Washington and W.E.B. Du Bois Debates.” In sum, as an entrepreneur and visionary, Gilmore is planning to build 10,000 homes around the United States, at $100,000 per yielding $1,000,000,000 (One Billion), an ambitious yet realistic goal with our stakeholders (investors) (if Offering is successful and millions raised via equity each year to implement a residential trajectory landscape). As Gilmore once said, “As a company, it is our duty to ensure that if any American wants to own a small home, he or she should be able to do so, and we will finance and build the home ourselves making it a reality, for that is truly the American Dream.”