looking for financial partner on new build in Colorado Springs, 18%-22% ROI

[Reid R.]

This specific project is to partner on the construction of one SFR along hole 8 of the golf course on 2.5 acres of wooded land. The builder is under contract to purchase the land and is scheduled to close at the end of May.

Project Overview:
- Total Loan: $2.9 million (comprising $1.1 million for land acquisition and $1.8 million for construction)
- Interest Rate: 12%
- Points: 3%
- Equity Partnership: 50%
- Opportunity for Investment in Future Projects, with or without Capital Contribution
- Anticipated Investor Returns at $4 million Sale Price: 18%-23% ($500k-$700k)

Key Financial Considerations:
- Interest and points will be disbursed in arrears and will compound throughout the loan term.
- Projected completion timeline: 12-24 months
- Estimated sale price: $4 million
- Potential Upside: Off-market sales indicate the possibility of a $5 million sale price. With a 50% equity stake, investors could realize returns nearing 35%.