BLACK MOUNTAIN, N.C., Feb. 12, 2010 – The Settings of Black Mountain, one of Western North Carolina’s most successful new communities since its inception in early 2005, sees many signs of an improving market in both potential new neighbors and in the lending environment.

“We have been so pleased with our Black Mountain community since the very beginning and have been proud to consistently claim it as our flagship community.  There is no question that the last two years have been very difficult for all of Western North Carolina, however we are finding that potential customers are certainly turning the corner in their level of interest and our spring tour volumes scheduled thus far are higher than they have been in a very long time,” said Richard McWhorter, President and Founder of The Settings Development Companies. “They will be absolutely amazed at the beauty of The Settings, the valley over which it looks and the Town of Black Mountain.”

New Funding Opportunity Inked

McWhorter also said that it is a very strong indicator of the quality of the community and its residents that two property owners stepped in to lend the funds necessary to restart development activity.  “We have been in discussions with these property owners and others for a very long time concerning the slow down in infrastructure due to the downturn in the economy,” McWhorter said. “These two families’ love of the community was readily apparent when they volunteered to provide funding to assist in the completion of the development.  Clearly, The Settings Development Companies as well as all property owners within The Settings of Black Mountain owe them a big debt of gratitude for their generosity.”

“Beyond these two fine families however,” he added, “we are seeing increasing interest in community lending as well as very competitive customer homesite, construction and permanent mortgage lending returning to the market.”

Big Spring Sales Push to be Announced Soon

With only 41 beautiful homesites remaining, The Settings Development Companies will very soon be announcing its spring sales event to occur alongside the new development activity. 

“Clearly, there is never a better time to buy than at the turning point of economic challenges,” stated Marc Wilson, Executive Vice President of Sales and Marketing with The Settings.  “Prices have never been more affordable and the supply of fabulous view homesites within our community remains excellent.”

“We look forward to working with Buncombe County, the Town of Black Mountain and with our great property owners as we complete The Settings of Black Mountain,” McWhorter concluded.  “Their patience during these difficult times has been greatly appreciated and will be rewarded with something everyone will enjoy.”

About The Settings Development Companies

The Settings Development Companies, LLC is an Atlanta-based residential real estate developer specializing in primary, secondary and vacation-home communities in desirable Southeast locations.  Its developments focus on mountain, lake, river and coastal properties with existing natural and man-made amenities. The developer is committed to preserving the environment and history in the areas surrounding each of its investments through thoughtful planning and design.  The Settings’ Atlanta headquarters are located at 4300 Paces Ferry Road, Suite 500, Atlanta, Ga. 30339. For more information, call (678) 384-4500 or visit www.TheSettings.com.