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All Forum Posts by: Jeremy King

Jeremy King has started 2 posts and replied 2 times.

Post: Partner needed to build out Ski Resort - Brian Head, Utah

Jeremy KingPosted
  • Investor
  • Lindon, UT
  • Posts 8
  • Votes 1

Our Project at Brain Head Ski Resort is growing into a much larger project and we are now in need of financial partners. Brian Head Ski Resort is located just outside of world famous Zions National Park, and approx 2.5 hrs from Las Vegas,  3 hours from SLC and 1 hour from St George. This is the greatest real estate opportunity in the area! My team is spearheading the growth and plan on building out over 1000 units in the next 5 years as well as a new lodge, hotel, shopping district, etc. 

We are looking for Partners. Funding. Builders. Buyers. Agents. Developers. Lets talk!  KaivaResort.com

Post: Partner needed - 454 total units - Brian Head Ski Area, Utah

Jeremy KingPosted
  • Investor
  • Lindon, UT
  • Posts 8
  • Votes 1

INTRODUCTION

One fully approved ski resort property full infrastructure installed through Phase 1 (84 Condo Units and 3 Townhome units) located in Brian Head, Utah. Total project yields currently 58 Townhomes and 394 Condo Units (Phase 2: 56 and 308 respectively). Phase 2 has full sewer, water, rough grade and partial storm drain installed. Closing to take place on Sept 14, 2017 or sooner (based on approval of Due Diligence).

PROPOSAL

Purchase the property known as The Summit at Brian Head for $478K. Re-Brand, Market and Sale
completed Phase 1 Q4 2018. Add Tiny Homes and RV units as part of new Master Development
Agreement for subsequent phases. Investor to close on $478K closing. Investor to retain
ownership of Phase 1 and receive all revenues from sales in Phase 1 until $478K is returned, then
share, if any, additional revenues at 50% with Developer team. Investor to have a 20% share
ownership of all subsequent phases. Investor agrees to fund additional construction costs for
remaining costs to finish land development in a phasing schedule over 3-5 years. Investor to use
portion of original investment, upon sale of Ph 1, to fund construction costs for additional phases.
Investor to be paid fair market value (usually 6-10%) for any additional funds for construction
loans. Expected build out to take place over 4 years, expected construction funds to be
approximately $250K annually. Investor to receive 20% of all profit generated in subsequent
phases.

Porchtown.com