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Updated over 8 years ago,

User Stats

25
Posts
3
Votes
Jim Simcoe
  • Developer
  • Encinitas, CA
3
Votes |
25
Posts

Equity Partner Needed for Green RE Development in Oceanside, CA

Jim Simcoe
  • Developer
  • Encinitas, CA
Posted

Green real estate developer looking for equity partner or private lender for a shovel-ready 10 unit mixed-use development in coastal Oceanside, CA (San Diego county).  Project is fully entitled and ready to break ground. 

Total project cost is $7.9M, profit of $1.2-$1.4M, we have $1.5M into the deal already, timeline is 12 months to complete. 15-18% ROI.

Current lender will go to 75% LTC, so we need about $500k.

Project is ready to roll, just need some more equity to make it happen.

Text me at 760-271-7128 or message me for details, thx..

Offering