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Updated about 10 years ago,

User Stats

115
Posts
76
Votes
Peter K.
  • Investor
  • San Jose, CA
76
Votes |
115
Posts

Equity Partner Opportunity - $2M Needed - 50%+ ROI

Peter K.
  • Investor
  • San Jose, CA
Posted

We are broker for a land development project in Los Gatos, CA , one of the most desirable areas in Silicon Valley.   

Opportunity Overview:  30+ Acres to be developed into 8 multi-acre custom estates.   

Because this will be Phase 2 of an adjoining development by the same owner/builder, much of the groundwork to get plans approved and entitled has been laid.  For example, the water tower is already in place, roads have already been graded, utilities are in place at perimeter, etc. 

Needed:  $2M to $8M

Owner /Builder is looking for an equity partner with the financial strength to either bring cash or qualify for a loan with a local bank that is already on board and willing to finance the majority of the project at 5% interest rate. 

Timeframe:  15 months

Within 15 months, we will submit premiminary and final maps, obtain Environmental Impact Report (EIR), get legal descriptions of each lot, pave roads, complete entitlements and infrastructure.  

Numbers:

Current Value of Land:  $8M

Owner/Builder will enter into agreement for $5.5M (putting equity into the deal)

Total needed for entitelments and infrastructure to bring land to shovel-ready lots, ready for construction.  $2.3M

Total cost:  Under $8M

Value of shovel-ready lots:  $20M

-Exit Strategy 1 is to sell these buildable lots to builder/developers or homeowners with their own architect. 

Optionally, the owner/builder is capable of completing the construction of the 8 custom/luxury estates.  Each 10,000+ s.f.  estate will have multi-acreage, room for swimming pools, equestrian, tennis courts, and have panoramic views of Silicon Valley.  Retail value of each estate is approx. $10M+.   $1,000 per square foot sales price with a $300 per s.f. build cost. 

Total Value of 8 Custom Estates:  $80M+

For more information, including a copy of the Executive Summary, Tentative Map, please contact Peter Karasseferian:  408-475-8180  [email protected] or [email protected].  

We can set up a meeting to tour the property with the Owner/Builder for qualified Principals or those directly representing qualifying principals.  Proof of funds or track record of funding recent and similarly sized projects required.  

Earn a $25,000 referral or marketing fee for an introduction leading to a successful transaction.