Can’t find an investor for development site

[Boris Babakhan]

Hi BP,

I have purchased a vacant lot, got the plans approved for 31 unit residential building in NY.

and ready to build.

I need to get investor who can fund

40%, I want to fund 10% and bank will do the rest. In return I am offering 40% of equity to investor.

Investor will get 1.5m return within 24 months on 2.5m invested.

Do you think it’s a small return? Or there is something I’m missing?