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Updated over 1 year ago on .
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Redington Beach Redevelopment
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.
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