$204 million JV with Seattle Developer

$204 million JV with Seattle Developer

Investor · Dallas · Member since 2024 · 6 posts · 1 vote

Investment Info:

Condo commercial investment investment.

Purchase price: $204

Total transaction was $204 million

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

$15m in EB-5, large skin-in-the-game from the local Seattle developer who put in 25% in equity through the land contribution, 75%/25% JV, blue-chip architect & well mapped out condo project.

How did you find this deal and how did you negotiate it?

JLL

How did you finance this deal?

Balance Sheet of a Hong Kong company

How did you add value to the deal?

Sourced & executed the deal

What was the outcome?

It's now built

Lessons learned? Challenges?

I learned about how Chinese developers operate.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes

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