263-Unit Condo Development, Northwest Region

Location Remarks

Property Description

Will sell out quickly, as no inventory available at offered price point. Investor can lease all or sell condo units. Will appreciate in price quickly
The $7,500,000 will be used in addition to money already invested for financing the Land and Development costs and providing the down payment on the initial building construction financing. The $7,500,000 will entitle the investor to a 40% share of the net profit for the entire subdivision.
Optionally, in order to maximize the ROI for the investor there is an investor “buy-out” period for the project in which the investor can be bought out for a $3 million profit on the $7.5 million initial investment within the first 24 months. If the investor “buy-out” does not take effect the investor will realizes a potential profit of $4.5 million for the project upon completion of the 48 month project.
Optionally developer “buy-outs” are available at timed intervals if an investor/developer chooses to finish out the project and assume the sales contracts for each unit sold. This project has begun a vigorous national pre-sales campaign with a goal of pre-selling 50% of the condominium units by the end of 2007.

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