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Updated over 17 years ago,
investor backed out
I have a condo project under contract. One of the investors backed out for personal issues.Land cost 5.4million. Bid on construstion , both hard and soft cost is 18 million. the NOI is estimated to be 10.2-10.8 million. The IRR is 39.9 %. Should I try to assign this contract? And if so who can pull off this big of investment. The property is not on the market. It is located in LA. I have all the info if you are interested.