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All Forum Posts by: Jim Simcoe

Jim Simcoe has started 8 posts and replied 14 times.

Classifieds

Post: Equity Partner Needed for Green RE Development in Oceanside, CA

Jim SimcoePosted
  • Developer
  • Encinitas, CA
  • Posts 25
  • Votes 3

Green real estate developer looking for equity partner or private lender for a shovel-ready 10 unit mixed-use development in coastal Oceanside, CA (San Diego county).  Project is fully entitled and ready to break ground. 

Total project cost is $7.9M, profit of $1.2-$1.4M, we have $1.5M into the deal already, timeline is 12 months to complete. 15-18% ROI.

Current lender will go to 75% LTC, so we need about $500k.

Project is ready to roll, just need some more equity to make it happen.

Text me at 760-271-7128 or message me for details, thx..

1 Vote
Commercial Real Estate Investing

Post: Private money needed for beachside development

Jim SimcoePosted
  • Developer
  • Encinitas, CA
  • Posts 25
  • Votes 3

Hi Conor, will do, thx..jim

0 Votes
Commercial Real Estate Investing

Post: Private money needed for beachside development

Jim SimcoePosted
  • Developer
  • Encinitas, CA
  • Posts 25
  • Votes 3

hey all, looking for some recommendations for private money for a mixed-use development we have in Oceanside, CA. We're just about shovel ready so any help/direction you can provide would be much appreciated, thx!

0 Votes
Real Estate News & Current Events

Post: investing in Vegas, Reno, Washington or Phoenix???

Jim SimcoePosted
  • Developer
  • Encinitas, CA
  • Posts 25
  • Votes 3

Phoenix has tremendous energy efficiency rebates avail for rehabs right now. Might make it a more compelling market for you..

0 Votes