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Updated over 1 year ago on .

User Stats

30
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0
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Jason Matthews
  • Investor
  • Tampa, FL
0
Votes |
30
Posts

Redington Beach Redevelopment

Jason Matthews
  • Investor
  • Tampa, FL
Posted

Investment Info:

Single-family residence other investment.

This project consists of demolishing the existing structure and creating a new, modern structure. We are increasing the current property value from $750,000 to $3.5M on each project.
Equity Amount: $550,000 per property with an annual 20% return
Land cost: $750,000
Construction cost: $1M per property
Return of capital Will be provided by the refinance of the construction loan at 75% LTV.
After Built Value for each property: $3.5M

What made you interested in investing in this type of deal?

WE HAVE ALREADY RAISED $2,750,000 FOR 5 OTHER PROPERTIES JUST LIKE THIS ONE! WE HAVE FINISHED DEMO PHASE AND WE ARE GETTING READY TO START CONSTRUCTION.